1.Given the following items and costs as of the balance sheet date, determine the value of Light Company's merchandise inventory

-$2,000 goods sold by Light to another company. The goods are in transit and shipping terms are FOB shipping point.

-$3,000 goods sold by another company to Light. The goods are in transit and shipping terms are FOB shipping point.

-$4,000 owned by Light but in the possession of another company, the consignee.

-Damaged goods owned by Light that originally cost $5,000 but now have an $800 net realizable value.

The answer I found online is 3000+4000+800=7800.

However, here's another similar question but has different answer:

2.Given the following items and costs as of the balance sheet date, determine the value of Faltron Company's merchandise inventory.

- $1,000 goods sold by Faltron to another company. The goods are in transit and shipping terms are FOB destination.

- $2,000 goods sold by another company to Faltron. The goods are in transit and shipping terms are FOB destination.

- $3,000 owned by Faltron but in the possession of another company, the consignee.

- Damaged goods owned by Faltron that originally cost $4,000 but now have a $500 net realizable value.

The answer given is: 1000+3000+500=4500.

So, which one is the correct one? And is there any difference between these two questions?