Question 4 View Policies Current Attempt in Progress Waterway Inc. took a physical inventory at the end of the year and determined that $832000 of goods were on hand. In addition, the following items were not included in the physical count. Waterway, Inc. determined that $96000 of goods purchased were in transit that were shipped f.o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $39500 worth of inventory f.o.b. destination that did not reach the destination yet. What amount should Waterway report as inventory at the end of the year? $967500. $871500. $928000. $832000