You are the ceo of achilles incorporation. you have decided to hire other organizations to perform many of the basic functions of your business. you have hired an accounting firm to keep your records, a recruiting firm to handle human resource functions, and a computer firm to handle all records. to keep costs down, you are looking for other areas in which to outsource operations. you have chosen to operate your business as a

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.