X Your answer is incorrect. Try again goods? Novak Co. purchased goods with a list price o $173 800, subject to trade discounts of 20% and 10%, with no cash discounts allowable. How much should NovakCo record as thecost of these Cost of goods purchased 121660 LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. Splish Company's inventory of $1,001,100 at December 31, 2017, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items (a) Goods shipped from a vendor f.o.b. shipping point on December 24, 2017, at an invoice cost of $70,000 to Splish Company were received on January 4, 2018. (b) The physical count included $28,490 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2017. The carrier picked up these goods on January 3, 2018. What amount should Splish report as inventory on its balance sheet? Inventory to be reported 1001100