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particular concern is the inventory account which has a year end balance of 5824000 Discussions with the accountant reveal 1 Kamala included in the inventory

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particular concern is the inventory account which has a year end balance of 5824000 Discussions with the accountant reveal 1 Kamala included in the inventory account $10.500 of office supplies that were stored in the storeroom to be used by the 2 Kamala received goods costing $33.000 on January 3. The goods were shipped FOB shipping point on December 27 Kamala received goods costing $25,000 on January 3 that were shipped FOB destination on December 28. The shipme purchase was included in the ending Inventory 4 Kamala sold goods costing $45,000 to TRose Company, FOB shipping point on December 29. The goods are not expe in the physical Inventory 5 Kamala sent inventory costing $34,460 on consignment to Hillary Company. All of this inventory was at Hillary's st inventory Complete the schedule below to determine the corect inventory amount at December 31. Indicate whether each item sho amount added or deducted (i.e., +325,000 or -525,000). Dollar signs and commas are required To reiterate, each item Example for Item #1. you should have one of the following as your answer. +510,500,-$10.500 or NE Ending inventory as reported $824,000 #1 #2 #3 #4 #5 Correct inventory A Moving to another question will save this response. etion Status: 12 14 15 a year and balance of 5824.000 Discussions with the accountant reveal the following of office supplies that were stored in the storeroom to be used by the company's managers and supervisors during the coming year The goods were shipped FOB shipping point on December 27 by Doug Co The goods were not included in the physical count y that were shipped FOB destination on December 28 The shipment was a rush order that was supposed to arrive December 31. This any FOB shipping point on December 29 The goods are not expected to arrive at TRose until January 11. The goods were not included went to Hillary Company. All of this inventory was at Hillary's showrooms on December 31 and was not included in Kamala's physical y amount at December 31 Indicate whether each item should be added (+), deducted (-). or no effect (NE). Be sure to include the signs and commas are required to reiterate, each item should have a + or - along with a S sign and an amount or the letters NE our answer +$10,500.-$10.500, or NE

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