Bedrock company reported a december 31 ending inventory balance of $413,500. the following additional information is also available:
Bedrock Company reported an ending inventory balance of $413,500 as of December 31. The following additional information is also available: (a) The reported ending inventory balance of $413,500 includes $72,300 of consigned inventory for which Bedrock is the consignor. (b) The ending inventory balance includes $22,600 of office supplies that are stored in the warehouse and are intended for use by the company's supervisors and managers during the coming year. Based on this information, what is the correct balance for the ending inventory on December 31? (a) $362,600 (b) $309,000 (c) $390,900 (d) $247,000 (e) $341,900
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