Regardless of the inventory costing system used, cost of goods available for sale must be allocated at the end of the period between: Multiple Choice Beginning inventory and Cost of Goods Sold Ending inventory and Cost of Goods Sold Ending inventory and Beginning inventory Beginning inventory and Purchases during the period Purchases during the period and Ending inventory

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.