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Sandhill Company is concerned about the accuracy of its year-end inventory balance. Inventory shows a year-end balance of $328,100. Discussions with the company accountant reveal

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Sandhill Company is concerned about the accuracy of its year-end inventory balance. Inventory shows a year-end balance of $328,100. Discussions with the company accountant reveal the following. 1. Sandhill received goods costing $51,100 on January 2 that were shipped FOB destination on December 29 . The shipment. was a rush order that was supposed to arrive on December 31 . This purchase was included in the ending inventory of $328,100 2. Sandhill sold goods costing $43,100 to Cusa Company. FOB shipping point, on December 28 for $67,100. 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. 3. The physical count of the inventory did not inciude goods costing $91,100 that were shipped FOB destination to Sandhill on December 27 and were still in transit at year-end. 4. Sandhill received goods costing $29,100 on January 2 . The goods were shipped FOB shipping point on December 26 by Noble C0. The goods were not included in the physical count 5. Sandhill sold goods costing $40,100 to Limerick Co. for $57,100. The goods were shipped FOB destination on December 30 . The goods were received by Limerick on January 8 and were not included in Sandhill's physical inventory. (a) Determine Sandhili's correct inventory amount on December 31

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