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On December 31, Wright Company had an ending inventory of $114,100 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: (a) Inventory items with a cost of $3,660 were excluded from ending inventory. These goods were on consignment from Roberts Company and had not yet been sold on December 31. (b) Inventory items with a cost of $3,110 were included in ending inventory. These goods were in transit from Wright Company to James Company and were sold FOB shipping point. (c) Inventory items with a cost of $2,090 were included in ending inventory. These goods were in transit from Wright Company to Bell Company and were sold FOB destination. Required: Using the information given above, compute the correct final balance of Inventory. Correct ending inventory balance: X $0 EO

On December 31. Wright Company had an ending inventory of $114,100 based primanly on a phricical court at its warehouse. In computing the final balance of Inventery, the following information was avallable: (a) Inventory items with a cost of $3,660 were excluded from ending inventory. These goods were an consignment from Roberts Company and had not yet been sold on December 31 . (b) Inventory isems with a cost of 53,110 were included in ending inventory. These poods were in transit frem Wright Company to Jaenes Company and here (c) Inventory iterns with a cost of $2,090 were included in ending ifventory. These goods were in transit fram Wright Company to Bell Company and were sold Fos destination. Required: Using the information given absve, compute the correct final balance of inventory

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