Sarasota Company was undergoing an end of year audit of its financial records. The auditors were in the process of reviewing Sarasota's inventory for year-end, December 31, 2022. They completed an end of year inventory. The value of the ending inventory prior to any adjustments was $181,000, but before finishing up they had a few questions. Discussion with Sarasota's accountant revealed the following: (a) (b) (c) (d) (e) (f) Sarasota sold goods costing $55,400 to Tammy Company FOB shipping point on December 28. The goods are not expected to reach Tammy 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 $96,200 that were shipped to Sarasota FOB destination on December 27 and were still in transit at year-end. Sarasota received goods costing $25,200 on January 2. The goods were shipped FOB shipping point on December 26 by Pina Colada Company. The goods were not included in the physical count. Sarasota sold goods costing $39,300 to Concord Company FOB destination on December 30. The goods were received by Concord Company on January 8. Because the goods had been shipped, they were excluded from the physical inventory count. Sarasota received goods costing $41,900 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to have arrived on December 31. This purchase was included in the ending inventory of $181,000. Sarasota Company, as the consignee, had goods on consignment that cost $3,300. Because these goods were on hand as of December 31, they were included in the physical inventory count. Analyze the above information and calculate a corrected amount for the ending inventory. Corrected inventory $

Sarasota Company was undergoing an end of year audit of its financial records. The auditors were in the process of reviewing Sarasota's inventory tor year-end, December 31,2022. They completed an end of year inventory. The value of the ending inventory prior to any adjustments was $181.000, but before finishing up they had a few questions. Discussion with Sarasota's accountant revealed the followidg (a) Sarasota sold goods costing $55,400 to Tammy Compamy FOB stipping point on December 28. The goods are not expected to reach Tammy until Janaary 12 . The goods were not included in the phyical imventory because they were not in the warehouse. (b) The phssical count of the inventory did not include goods costing 596.200 that were shipped to Saranota FoB destination on December 27 and were still in transit at vear end. (c) Sacaota received goods costine $25.200 on January 2 . The goods were shipprd Foa shpping point on December 26 by Pina Colada Company. The goods were not included in the physical count. (d) Saranota sold goodi costing $39,300 to Concord Company FOD destination on December 30 . The goodi were received by Concod Compary on January 8 . Because the goods had been shoped, they were exchuded from the physical inventory count. (e) Saravota received goodi coting 541,900 on January 2 that were shioped FOB destination on Deceinber 29 . The sh pment was a rushorder that was supposed to have arrived on Decercber 31 . This purchue was included in the ending inventery of 3181000 (f) Saramota Company, as the consigren. hud goods on contignment that cont 53.300 . Eecase these goodr were on hand as of December 31 , ther were included in the phyical imentery count Analyet the above information and cakulate a corrected amount for the ending inventary Corrected incentory Your answer is incorrect. Sarasota Company was undergoing an end of year audit of its financial records. The auditors were in the process of reviewing Sarasota's inventory for year-end, December 31,2022. They completed an end of year irventory. The value of the ending inventory prior to any adjustments was $181,000, but before finishing up they had a few questions. Discussion with Sarasota's accountant revealed the following: (a) Sarasota sold goods costing \$55,400 to Tammy Company FOE shipping point on December 28 . The goods are not expected to reach Tammy until January 12. The goods were not included in the physical inventory because they were not in the warehouse. (b) The physical count of the inventory did not include goods costing 596,200 that were shipped to 5 arasota FOB destination on December 27 and were still in transit at year-end. (c) Sarasota received gcods costing $25,200 on January 2 . The gcods were shipped FOB shipping point on December 26 by Pina Colads Company. The goods were not included in the physical count. (d) Sarasota sold goods costing $39,300 to Concord Compary FOE destination on December 30 . The goods were recelved by Concord Compary on January 8. Because the gcods had been shipped, they were excluded from the physicalimentory count: (e) Sarasota recelved goods costing $41,900 an January 2 that were shipped FOB destination on December 29 . The shipment was a rush order that was supposed to have arrived on December 31. This purchase was included in the ending inventory of $181:000 (i) Sarasota Company, as the consignee, had goods on consigrement that cost $3,300. Becaune these gocds were co hand as of December 31, they were included in the physical inventory count. Analyze the above information and calculate a corrected amount for the ending inventory. Corrected irventory