Question: On January 5 , 2 0 2 5 , inventory costing $ 8 , 0 0 0 was received from a supplier and recorded as

On January 5,2025, inventory costing $8,000 was received from a supplier and recorded as a purchase on that date and not included in the 2024 ending inventory. The invoice revealed that the shipment was made f.o.b. shipping point on December 28,2024. Correct or incorrect?
On January 5 , 2 0 2 5 , inventory costing $ 8 ,

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