Question 10 of 10 < > 0/1 1 Premier Bank and Trust is considering giving Carla Vista Company a loan. Before doing so, they decide that further discussions with Carla Vista's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $365,120. Discussions with the accountant reveal the following 1. 2. 3. 4. 5. Carla Vista received goods costing $54,880 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 $365,120 Carla Vista sold goods costing $45,920 to Cusa Company, FOB shipping point, on December 28 for $72.800. The goods are not expected to arrive at Cusa 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 $99,680 that were shipped to Carla Vista FOB destination on December 27 and were still in transit at year-end. Carla Vista received goods costing $30.240 on January 2. The goods were shipped FOB shipping point on December 26 by Noble Co. The goods were not included in the physical count. Carla Vista sold, for $61,600 goods costing $42.560 to Limerick Co., FOB destination on December 30. The goods were received at Limerick on January 8. They were not included in Carla Vista's physical inventory. (a) Your answer is incorrect. Determine the correct inventory amount on December 31 MacBook Air