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ourse 2019FA Business Law Ch&Lab G in your audit of lose Oliva Com + m/courses/29824/assignments/29305577module item id 9828000 Question 4 -/2 View Policies Current Attempt in Progress In your audit of Jose Oliva Company, you find that a physical inventory on December 31,2020, showed merchandise witha cost of $441,000 was on hand at that date. You also discover the following items were all excluded from the $441.000. Merchandise of $61,000 which is held by Oliva on consignment. The consignor is the Max Suzuki Company Merchandise costing $38,000 which was shipped by Oliva f.o.b.destination to a customer on December 31,2020. The customer was expected to receive the merchandise on January 6,2021. 1. 2. 3. Merchandise costing $46,000 which was shipped by Oliva tob. shipping point to a customer on December 29, 2020. The customer was scheduled to receive the merchandise on January 2,2021 4. Merchandise costing $83,000 shipped by a vendor f.ob.destination on December 30, 2020, and received by Oliva on January 4, 2021 5. Merchandise costing $51.000 shipped by a vendor fo.b. shipping point on December 31, 2020, and received by Oliva on January 5, 2021 Based on the above information, calculatee the amount that should appear on Oliva's balance sheet at December 31, 2020, for inventory $ Inventory as on December 31, 2020 eTextbook and Media Attempts: 0 of 5 used Submit Arswer Save for Later 11 1V O O

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