On December 28, Hadley Company purchased goods FOB destination at a cost of $38,000. The goods arrived

Question:

On December 28, Hadley Company purchased goods FOB destination at a cost of $38,000. The goods arrived at Hadley’s warehouse and were unloaded on January 5. Hadley’s bookkeeper is unsure whether these goods should be included in merchandise inventory on the December 31 balance sheet. Should they? Why or why not?