39 Not yet answered Marked out of 1.00 Flag question As a result of a thorough physical inventory, Looz Company determined that it had inventory worth $325,000 at December 31, 2016. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47,000 on its sales floor that belong to Looz but are being sold on consignment by Talker. The selling price of these goods is $75,000. Looz purchased $22,000 of goods that were shipped on December 27. FOB destination, that will be received by Looz on January 3. Determine the correct amount of inventory that Looz should report. Select one: a. $387,000 b. $347,000. c. $372,000. d. $325,000