Question 1 of 2 - / 15 E Pharoars accountant may be desirabre: Une area or particular concern is the invento $263,510. Discussions with the accountant reveal the following. count, which has a year end arance or 1. 2. 3. Pharoah shipped goods costing $60,340 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the warehouse. The physical count of the inventory did not include goods costing $97,600 that were shipped to Pharoah FOB destination on December 27 and were still in transit at year-end. Pharoah received goods costing $27.240 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count. Pharoah shipped goods costing $49,400 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Pharoah physical inventory. Pharoah received goods costing 545,300 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $263,510. 4. 5. Determine the correct inventory amount on December 31, The correct inventory amount on December 31 Type here to search ORI B