ustum WGPLUS BlackBoard Course Card for Bronx Community College Hell System Announcements PRINTER VERSION BACK NEXT Exercise 8-2 In your audit of Steve Company, you find that a physical inventory on December 31, 2017, showed merchandise with a cost of $411,580 was on hand at that date. You also discover the following items were all excluded from the $411,580. 1. Merchandise of $60,710 which is held by Steve on consignment. The consignor is the Max Sud Company 2. Merchandise costing $38,360 which was shipped by Steve Tob. destination to a customer on December 31, 2017. The customer was expected to receive the merchandise on January 6, 2018 3. Merchandise costing $46,920 which was shipped by Steve ..b, shipping point to a customer on December 29, 2017. The customer was scheduled to receive the merchandise on January 2, 2018. 4. Merchandise costing $82,010 shipped by a vender fo.b, destination on December 30, 2017, and received by Steve on January 4, 2018 5. Merchandise costing $55,300 shipped by a vendor to b. shipping point on December 31, 2017, and received by Steve on January 5, 2018 Based on the above information, calculate the amount that should appear on Steve's balance sheet at December 31, 2017, for inventory. Inventory as on December 31, 2017 LINK TO TEXT