View Policies Current Attempt in Progress Tri-State Bank and Trust is considering giving Blue Spruce Corp. a loan. Before doing so, management decides that further discussions with Blue Spruce's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $306,200. Discussions with the accountant reveal the following. 1. Blue Spruce shipped goods costing $32,500 to Sorci Company, FOB shipping point, on December 28. The goods are not expected to arrive at Sorci until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $92,800 that were shipped to Blue Spruce FOB destination on December 27 and were still in transit at year-end. 3. Blue Spruce received goods costing $24.700 on January 2. The goods were shipped FOB shipping point on December 26 by Solita Co. The goods were not included in the physical count. 4. Blue Spruce shipped goods costing $31.100 to Natali Co., FOB destination, on December 30. The goods were received at Natalion January 8. They were not included in Blue Spruce's physical inventory 5. Blue Spruce received goods costing $41.600 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $306,200. Determine the correct inventory amount on December 31 Correct inventory s Tactbook and Media Attempts: 0 of 15 used Submit A View Policies Current Attempt in Progress Tri-State Bank and Trust is considering giving Blue Spruce Corp. a loan. Before doing so, management decides that further discussions with Blue Spruce's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $306,200. Discussions with the accountant reveal the following. 1. Blue Spruce shipped goods costing $32,500 to Sorci Company, FOB shipping point, on December 28. The goods are not expected to arrive at Sorci until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $92,800 that were shipped to Blue Spruce FOB destination on December 27 and were still in transit at year-end. 3. Blue Spruce received goods costing $24.700 on January 2. The goods were shipped FOB shipping point on December 26 by Solita Co. The goods were not included in the physical count. 4. Blue Spruce shipped goods costing $31.100 to Natali Co., FOB destination, on December 30. The goods were received at Natalion January 8. They were not included in Blue Spruce's physical inventory. 5. Blue Spruce received goods costing $41.600 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $306,200. Determine the correct inventory amount on December 31. Correct inventory $