The following situations have been brought to your attention: a. On January 3, 2024, J\&M received a shipment of 114 blue jackets, for $3,876 (Item #7649). The inventory was purchased December 23, 2023, FOB destination from Global Threads. This inventory was included in J\&M's inventory count and inventory listing. b. On December 29, 2023, J\&M sold scarves (item #5566) to a customer with a sale price of $840 and cost of $570, FOB shipping. The order was shipped on December 30, 2023. J\&M has not included this inventory. c. Red Blazers (Item #6193) were purchased and shipped from International Co. on December 30, 2023, for $3,440, FOB shipping. The shipment arrived January 5, 2024, and the appropriate party paid for the shipping charges of $460. Additional costs were $290 for import duties and $88 for insurance during shipment. J\&M has not included this inventory. d. At year-end, J\&M is holding $9,512 of black pants (Item #10824 ) on consignment for designer Duke Co. This inventory was included in J\&M's inventory count and inventory listing. e. On December 31, 2023, J\&M shipped white shirts (ltem #4291), FOB destination costing $1,210 to a customer. The customer was charged $1,400 and the customer received the goods on January 3, 2024. J\&M has not included this inventory. Required: 1. In situations (a) to (e) determine whether inventory should be included or excluded in inventory at December 31,2023 . If the inventory should be included, determine the correct inventory cost. (Do not leave any empty spaces; input a 0 wherever it is required.)