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4. At year end, the following inventory items were in-transit to Gordon from the company's vendors. None of these inventory items were recorded or included

4. At year end, the following inventory items were in-transit to Gordon from the company's vendors. None of these inventory items were recorded or included in the physical inventory count.

Total Cost of Inventory Shipping Terms Date Shipped from Vendor's location Date arrived at Gordon's warehouse
$4,000 FOB Shipping Point 12/28/2021 1/3/2022
$700 FOB Shipping Point 12/31/2021 1/5/2022
$2,000 FOB Destination 12/10/2021 1/2/2022

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