Rachel Warren, an auditor with Laplante CPAs, is performing a review ofLarkspur, Inc.'s inventory account.Larkspur, Inc.did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $824,000. However, the following information was not considered when determining that amount.

Prepare schedule to determine the correct inventory amount.(If an amount reduces the account balance then enter with a negative sign preceding the number , e.g. -15,000, or parenthesis e.g. (15,000). Enter 0 if there is no effect.)

Ending inventory-as reported$

enter a dollar amount

1.Included in the company's count were goods with a cost of $303,000that the company is holding on consignment. The goods belong to Harmon Corporation.enter a dollar amount

2.The physical count did not include goods purchased byLarkspur, Inc.with a cost of $47,000that were shipped FOB destination on December 28 and did not arrive atLarkspur, Inc.'s warehouse until January 3.enter a dollar amount

3.Included in the inventory account was $18,000of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year.enter a dollar amount

4.The company received an order on December 29 that was boxed and sitting on the loading dock awaiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB shipping point. The goods had a selling price of $41,500and a cost of $39,000. The goods were not included in the count because they were sitting on the dock.enter a dollar amount

5.Excluded from inventory was an FOB shipping point sale to Reza Corporation made on December 29, for goods with a selling price of $84,000and a cost of $50,000. The goods arrived on January 3. Reza had only ordered goods with a selling price of $20,000and a cost of $8,300. However, a sales manager atLarkspur, Inc.had authorized