Question: 2 . Doc Co . has a preliminary ( 1 2 / 3 1 ) year - end INV of (

2. Doc Co. has a preliminary \(12/31\) year-end INV of \(\$ 300\mathrm{~K}\). The following items were both in transit and not included in that preliminary number: goods purchased f.o.b. shipping on \(12/28\),\$50K and goods sold f.o.b. destination on 12/29,\$40K. What is Doc's correct INV balance?
2 . Doc Co . has a preliminary \ ( 1 2 / 3 1 \ )

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