Entity A completed its year-end inventory count. The total inventory value was $45,000. Here is some additional information: Entity A included in the inventory count some $5,000 of goods held on consignment. These goods are owned by one of Entity As suppliers. Entity A did not include $10,000 of goods in transit (the goods were purchased previously by Entity A with terms: F.O.B. shipping point) What is the correct value of the inventory?

		$45,000
		$50,000
		$30,000
		$60,000