On December 31, 2023, Jen \& Mink Clothing (J\&M) performed the inventory count and detemined the year-end ending inventory value to be $85000. It is now January 8,2024, and you have been asked to double-check the year-end inventory listing. J\&M uses a perpetual inventory system. Note: Only relevant items are shown on the inventory listing. The following situations have been brought to your attention: a. On January 3, 2024, J\&M received a shipment of 119 blue jackets, for $4,641 (item 27649 ) The inventory was purchased December 23, 2023, FOB destination from Global Threads. This inventory wos included in J\&M s inventory count and inventory listing. b. On December 29,2023 , J\&M sold scarves (item #5566 ) to o customer with o sale price of $890 and cost of $595, FOB shipping The order was shipped on December 30, 2023. JAM has not included this inventory. c. Red Blazers (item 26193 ) were purchased and shipped from International Co on December 30,2023, for $3,490, FOB shipping. The shipment ortived January 5,2024 , and the oppropriate party paid for the shipping charges of $510. Additional costs were $315 for import duties and $98 for insurance during shipment. J\&M has not included this inventory. d. At year-end, J\&M is holding $11,492 of black pants (item $10824 ) on consignment for designer Duke C. This inventory was included in J\&M's inventory count and inventory listing. e. On December 31,2023, J8M shipped white shirts (item $4291 ), FOB destinotion costing $1,285 to a customer. The customer was charged $1,400 and the customer received the goods on January 3,2024. J\&M has not included this inventory Required: 1. In situations (a) to (e) determine whether inventory should be included or excluded in inventory at December 31, 2023. If the inventory should be included, determine the correct inventory cost. (Do not leave any empty spaces; input a 0 wherever it is required.)