The merchandise inventory in Cullumber Company was counted after the close of business on December 31, 2021, the companys year end. It was determined that the total cost of this inventory was $52,200. Cullumber wants to know if this is the correct amount that should be reported on the companys December 31, 2021, balance sheet or if an adjustment needs to be made for any of the following items:

(a)		The count included items costing $1,500 that had been sold but are being held for alterations. The customers have paid in full for these items.
(b)		Cullumber Company has $4,350 of merchandise held on consignment for a local designer. These items were included in the inventory count.
(c)		A shipment of inventory costing $2,500 was received on January 2, 2022. It had been shipped by the seller on December 30, FOB shipping point. Freight charges are $300. These items were not included in the inventory count.
(d)		A second shipment of inventory costing $4,610 was received on January 3, 2022. It had been shipped by the seller on December 31, FOB destination. Freight charges are $370. These items were also not included in the inventory count.

Determine the correct amount of Cullumber Companys merchandise inventory at December 31, 2021. (Do not leave any answer field blank. Enter 0 for amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The correct cost of inventory is:
Total cost per inventory count				$enter a dollar amount
		(a) Inventory held for alterations		enter a dollar amount
		(b) Inventory held on consignment		enter a dollar amount
		(c) Goods shipped FOB shipping point prior to Dec. 31		enter a dollar amount
		Freight on inventory purchase		enter a dollar amount
		(d) Goods shipped FOB destination prior to Dec. 31		enter a dollar amount
		Freight on inventory purchase		enter a dollar amount
Correct inventory cost at December 31				$enter a total amount