Question 1 of 7 > View Policies Current Attempt in Progress Kingbird, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the company's business locations resulted in a total inventory cost of $299,000. In reviewing the details of the count and related inventory transactions, you have discovered the following items had not been considered. Kingbird has sent inventory costing $26.400 on consignment to Richfield Company. All of this inventory was at Richfields showrooms on December 31. The company did not include in the count inventory cost, $20,200) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31 The company did not include in the count inventory cost 17.800) that was purchased with terms of FOB shipping point The goods were in transit on December 31. 1 2. 3. Compute the correct December 31 inventory. Correct December 31 inventory $ Save for later Attempts: 0 of 1 used Submit