The following independent situations relate to inventory accounting. Answer the following questions about invetitorics. Sheridan Company's inventory of $1,010,500 at December 31,2025 , was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items. (a) Goods shipped from a vendor fo.b. shipping point on December 24,2025 , at an invoice cost of $68,840 to Sheridan Company were received on January 4,2026. (b) The physical count included \$30,580 of goods billed to Sakic Corp. fo.b. shipping point on December 31, 2025. The carrier picked up these goods on January 3,2026. What amount should Sheridan report as inventory on its balance sheet? Inventory to be reported Marigold Inc., a retail store chain, had the following information in its general ledger for the year 2026. What is Marigold's inventoriable cost for 2026? Marigold's inventoriable cost for 2026