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What is the correct amount of inventory

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Reference no: EM132727227

Brown Company provides the following data:

Items counted in the bodega $ 4,000,000

Items included in the count specifically segregated per sale contract 100,000

Items in receiving department, returned by customer, in good condition 50,000

Items ordered and in the receiving department 400,000

Items ordered, invoice received but goods not received.

Freight is on account of seller 300,000

Items shipped today, invoice mailed, FOB shipping point 250,000

Items shipped today, invoice mailed, FOB destination 150,000

Items currently being used for window display 200,000

Items on counter for sale 800,000

Items in receiving department, refused because of damage 180,000

Items included in count, damage and unsalable 50,000

Items in the shipping department 250,000

Problem 1: What is the correct amount of inventory?

Reference no: EM132727227

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