Sheridan Co., a wholesale company, had the following information in its general ledger for the year 2018. Merchandise purchased for resale Purchase returns Marketing expense Freight-in Interest on notes payable to vendors Freight-out (delivery expense on sales Cash discounts on purchases $535,000 9,500 6,000 19,600 4,700 22,800 5,190 What is Sheridan's inventoriable cost for 2018? Sheridan's inventoriable cost for 2018 eTextbook and Media Larkspur, Inc's inventory of $859,000 at December 31,2017, was based on a physical count of goods priced at cost. The total does not include any adjustments for the following items (a) Goods shipped from a vendor fo.b.destination on December 24, 2017, at an invoice cost of $ 7,000 to Larkspur were received on January 4, 2018. These goods were excluded from the physical count. (b) The physical count excluded goods held by a retailer (Deals Corp.)on consignment for Larkspur, Inc. The cost of these goods to Larkspur was $ 32,500. Larkspur did not record a sale when it shipped the goods to Deals (c) The inventory included $48,000 of goods that were in Larkspurs warehouse on the morning of December 31, 2017 but were shipped to a customer fo.b.shipping point later that day, after they had been included in the physical inventory count. What inventory amount should appear on Larkspur's December 31,2017 balance sheet? nventory to be reported eTextbook and Media