1. Gyro Corp. took a physical inventory at the end of the year and determined that $900,000 of goods were on hand. In addition, Gyro Corp. determined that $50,000 of purchases that were in transit that were shipped f.o.b. destination point were actually received two days after the inventory count. In addition, Included in the inventory count were $100,000 of consignment goods of Jean Inc. What amount should Gyro Corp. report as inventory at the end of the year? 900.000 950,000 800,000 1,050,000