On December 31, according to the accounting records, the inventory balance is $650,000. The following information...

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On December 31, according to the accounting records, the inventory balance is $650,000. The following information was not included when determining that amount. Which of the following should be INCLUDED in the inventory amount on December 31? Select only those that should be included as part of inventory. The company sold goods on December 28 costing $10,000, FOB shipping point. e The goods were shipped to the customer on January 1. Goods purchased by the company costing $400,000. These were shipped FOB shipping Point on December 28, but did not arrive until January 3. Goods costing $42,000 that were sold and shipped to a customer on December 27, FOB Destination. They will arrive at the customer's location on January 4. Purchased goods costing $74,000 that were shipped to our company, FOB Destination on December 27. They will arrive on January 5. $15,000 of office supplies that were stored in the warehouse. |Inventory with a cost of $200,000 that is out on consignment with another company (another company is selling them for us). On December 31, according to the accounting records, the inventory balance is $650,000. The following information was not included when determining that amount. Which of the following should be INCLUDED in the inventory amount on December 31? Select only those that should be included as part of inventory. The company sold goods on December 28 costing $10,000, FOB shipping point. e The goods were shipped to the customer on January 1. Goods purchased by the company costing $400,000. These were shipped FOB shipping Point on December 28, but did not arrive until January 3. Goods costing $42,000 that were sold and shipped to a customer on December 27, FOB Destination. They will arrive at the customer's location on January 4. Purchased goods costing $74,000 that were shipped to our company, FOB Destination on December 27. They will arrive on January 5. $15,000 of office supplies that were stored in the warehouse. |Inventory with a cost of $200,000 that is out on consignment with another company (another company is selling them for us).

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