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Current Attempt in Progress The merchandise inventory in Sandhill Co. was counted after the close of business on December 31, 2021, the company's year end. It was determined that the total cost of this inventory was $50,700. Sandhill wants to know if this is the correct amount that should be reported on the company's 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 $1,200 that had been sold but are being held for alterations. The customers have paid in fullf a (b) Sandhill Co. has $4,150 of merchandise held on consignment for a local designer. These items were included in the inventory co (c) A shipment of inventory costing $2,650 was received on January 2, 2022. It had been shipped by the seller on December 30, FC (d) A second shipment of inventory costing $4,400 was received on January 3, 2022. It had been shipped by the seller on Decembe Determine the correct amount of Sandhill Co.'s merchandise inventory at December 31, 2021. (Do not leave any answer field blank. Enter O 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 $ (a) Inventory held for alterations (b) Inventory held on consignment (c) Goods shipped FOB shipping point prior to Dec. 31 Freight on inventory purchase (d) Goods shipped FOB destination prior to Dec. 31 Freight on inventory purchase Correct inventory cost at December 31 $

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