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In your audit of Mark Harris Company, you find that a physical inventory on December 31, 2025, showed merchandise with a cost of $445,530 was on hand at that date. You also discover the following items were all excluded from the $445,530. 1. 2. 3. 4. 5. Merchandise of $55,190 which is held by Harris on consignment. The consignor is the Max Suzuki Company. Merchandise costing $40,830 which was shipped by Harris f.o.b. destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6, 2026. Merchandise costing $48,740 which was shipped by Harris f.o.b. shipping point to a customer on December 29, 2025. The customer was scheduled to receive the merchandise on January 2, 2026. Merchandise costing $75,050 shipped by a vendor f.o.b. destination on December 30, 2025, and received by Harris on January 4, 2026. Merchandise costing $49,450 shipped by a vendor f.o.b. shipping point on December 31, 2025, and received by Harris on January 5, 2026. Based on the above information, calculate the amount that should appear on Harris's balance sheet at December 31, 2025, for inventory. Inventory as on December 31, 2025 $

In your audit of Mark Harris Company, you find that a physical imventory on December 31, 2025, showed merchandise with a cost of $445,530 was on hand at that date. You also discover the following items were all excluded from the $445,530. 1. Merchandise of $55,190 which is held by Harris on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $40,830 which was shipped by Harris f,o.b. destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6,2026. 3. Merchandise costing $48,740 which was shipped by Harris fo.b. shipping point to a customer on December 29,2025 . The customer was scheduled to receive the merchandise on January 2, 2026. 4. Merchandise costing $75,050 shipped by a vendor fo,b. destination on December 30,2025 , and received by Harris on January 4, 2026. 5. Merchandise costing $49,450 shipped by a vendor fob. shipping point on December 31,2025 , and received by Harris on January 5,2026. Based on the above information, calculate the amount that should appear on Harris's balance sheet at December 31, 2025, for inventory. Inventory as on December 31, 2025 $ In your audit of Mark Harris Company, you find that a physical imventory on December 31,2025, showed merchandise with a cost of $445,530 was on hand at that date. You also discover the following items were all excluded from the $445,530. 1. Merchandise of $55,190 which is held by Harris on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $40,830 which was shipped by Harris f,o.b. destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6, 2026. 3. Merchandise costing $48,740 which was shipped by Harris fo.b. shipping point to a customer on December 29, 2025. The customer was scheduled to receive the merchandise on January 2, 2026. 4. Merchandise costing $75,050 shipped by a vendor fo.b, destination on December 30,2025 , and received by Harris on January 4, 2026. 5. Merchiandise costing $49,450 shipped by a vendor fob. shipping point on December 31,2025 , and received by Harris on January 5,2026 . Based on the above information, calculate the amount that should appear on Harris's balance sheet at December 31, 2025, for inventory. Inventory as on December 31,2025 \$

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