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Presented below is a list of items that may or may not reported as inventory in Seduco Companys December 31, 2021 balance sheet: Goods sold

Presented below is a list of items that may or may not reported as inventory in Seduco Companys December 31, 2021 balance sheet:

Goods sold FOB destination that are in transit at December 31

40,000

Goods purchased in transit, Free Alongside, including delivery cost alongside the vessel of P2,000 but excluding the cost of shipment of P1,000

80,000

Goods purchased FOB shipping point that are in transit at December 31

120,000

Goods purchased FOB destination that are in transit at December 31

200,000

Goods sold FOB shipping point that are in transit December 31

120,000

Freight-in charges on goods purchased, FOB shipping point

80,000

Freight-out charges on goods sold, FOB destination

45,000

Interest cost incurred for inventories that are routinely manufactured

40,000

Interest cost incurred for inventories that are non-routinely manufactured

30,000

Office supplies

10,000

Factory supplies

20,000

Goods held on consignment from another company

450,000

Goods out on consignment at another companys store

800,000

Goods sold and delivered on December 20. The goods were included in the inventory because the sale was accompanied by a purchase agreement requiring Seduco to buy back the inventory on February 2022

500,000

How much of these items would typically be reported as inventory in the financial statements?

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