Werth Company asks you to evaluate its December 31, 2012, inventory values and make the essential adjustments to the books. The given information is given to you.

a) Werth employs the periodic method of recording inventory. The physical count reveals $282,103 of inventory on hand at December 31, 2012.

b) Not included in the physical count of inventory is $12,514 of merchandise bought on December 15 from Browser. This merchandise was shipped f.o.b. shipping point on December 29 and arrived in January. The invoice arrived and was recorded on December 31.

c) Comprised in inventory is merchandise sold to Bubbey on December 30, f.o.b. destination. This merchandise was shipped after it was counted. The invoice was made and recorded as a sale on account for $15,373 on December 31. The merchandise cost $8,827, and Bubbey received it on January 3.

d. Comprised in inventory was merchandise received from Dudley on December 31 with an invoice price of $18,772. The merchandise was shipped f.o.b. destination. The invoice, which has not yet arrived, has not been recorded.

e. Not comprised in inventory is $10,257 of merchandise purchased from Minsky Industries. This merchandise was received on December 31 after the inventory had been counted. The invoice was received and recorded on December 30.

f. Comprised in inventory was $12,536 of inventory held by Werth on consignment from Jackel Industries.

g. Comprised in inventory is merchandise sold to Sims f.o.b. shipping point. This merchandise was shipped after it was counted. The invoice was made and recorded as a sale for $22,699 on December 31. The cost of this merchandise was $13,836, and Sims received the merchandise on January 5.

h. Excluded from inventory was a carton labeled 'Please accept for credit'. This carton includes merchandise costing $1,802 which had been sold to a customer for $3,123. No entry had been prepared to the books to reflect the return; however none of the returned merchandise seemed damaged.