Vills Company sells TVs. At the close of the year, a new approach for compiling inventoryw apparently a satisfactory cut-off for preparation of financial statements occurred are as follows. You need to help Vills decide what needs to be done with the following items for the December 31,2017 inventory. [12 points Give these some thought) In order to adjust inventory to the correet amount Vills will need to adjust as follows: was not made. Some events that A add to inventory B deduct from inventory N no change is needed Place the letter of the correct action in the space provided. a. Two TVs sold December 31 were shipped to a customer January 2,2018 at her request. The TVs cost S5,000 and were included in Vills' inventory at December 31,2017. The cash was collected and the sale was recorded December 31, 2017. b. Vills ordered TV's fo.b. destination with a requested deliver date of January 2, 2018. The TVs costing S12,000 were received December 30, 2017. Because of the delivery request Vogts did not add the TVs to inventory until January 2, 2018. c. TVs valued at $2,600 in stock from previous years, and included in inventory at that value, now have a total market value of about S200 after selling cost, due to obsolescence. The TVs have no replacement value. d. TVs shipped to a customer December 28, 2017, t.o.b. shipping point, which cost S10,000, were not received b,y the customer until January 5, 2018. The TVs were included Vills in the ending inventor; e.TVs in Vills warehouse which had a cost of S6.100 that will be returned to the supplier in 2018 were never recorded on the books or counted in inventory f. In the store Vills sells high quality TV consoles and tables for Alga Amish Furnishings. Alga maintains the inventory area and updates the stock of consoles for which Vills provides display space. Vills pays Alga the sales value of the furniture less a commission of 10% of sellin price when a sale takes place. The current stock of Alga furniture has a cost value of S13,000 which is included in Vills December 31,2014 inventory. Vills Company sells TVs. At the close of the year, a new approach for compiling inventoryw apparently a satisfactory cut-off for preparation of financial statements occurred are as follows. You need to help Vills decide what needs to be done with the following items for the December 31,2017 inventory. [12 points Give these some thought) In order to adjust inventory to the correet amount Vills will need to adjust as follows: was not made. Some events that A add to inventory B deduct from inventory N no change is needed Place the letter of the correct action in the space provided. a. Two TVs sold December 31 were shipped to a customer January 2,2018 at her request. The TVs cost S5,000 and were included in Vills' inventory at December 31,2017. The cash was collected and the sale was recorded December 31, 2017. b. Vills ordered TV's fo.b. destination with a requested deliver date of January 2, 2018. The TVs costing S12,000 were received December 30, 2017. Because of the delivery request Vogts did not add the TVs to inventory until January 2, 2018. c. TVs valued at $2,600 in stock from previous years, and included in inventory at that value, now have a total market value of about S200 after selling cost, due to obsolescence. The TVs have no replacement value. d. TVs shipped to a customer December 28, 2017, t.o.b. shipping point, which cost S10,000, were not received b,y the customer until January 5, 2018. The TVs were included Vills in the ending inventor; e.TVs in Vills warehouse which had a cost of S6.100 that will be returned to the supplier in 2018 were never recorded on the books or counted in inventory f. In the store Vills sells high quality TV consoles and tables for Alga Amish Furnishings. Alga maintains the inventory area and updates the stock of consoles for which Vills provides display space. Vills pays Alga the sales value of the furniture less a commission of 10% of sellin price when a sale takes place. The current stock of Alga furniture has a cost value of S13,000 which is included in Vills December 31,2014 inventory