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The ending inventory balance of $ 4 1 2 , 0 0 0 included $ 7 2 , 0 0 0 of consigned inventory for

The ending inventory balance of $412,000 included $72,000 of consigned inventory for which Bedrock was the consignor.The ending inventory balance of $412,000 included $22,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information the correct balance for ending inventory on December 31 is

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