5. On December 31, 2020, XYZ's fiscal year end, a physical count of inventory revealed an inventory balance of $80,000. The following items were not yet included in the physical count: i. ii. iii. Merchandise shipped to a customer on 12/28 FOB destination (merchandise arrives at customer's location on 1/5/21) $3,000 Merchandise shipped to a customer on 12/29 FOB shipping point (merchandise arrives at customer's location on 1/2/21) $1,500 Merchandise purchased from a supplier, shipped FOB destination on 12/26, arrives on January 4, 2021 $6,000. Barrington's 2016 ending inventory should be: a. $80,000. b. $89,000. c. $83,000. d. $87,750.