7. As of December 31, 2020, ABC determined that the cost of its inventory was $95,000. The following assets were included in the aforementioned computation:

1. Goods sold to a customer that are in transit (FOB shipping point): $2,800

2. XYZ company (consignor) assets held on consignment by ABC (consignee). ABC will receive 7% commission when you sell them: $6,000

3. Assets of ABC company (consignor) that are under consignment with WWW company (consignee): $5,000

4. Goods purchased by ABC that are in transit (FOB destination): $4,000

What is the correct cost of ending inventory for ABC?

Select one:

a. $86,000

b. $95,000

c. $83,200

d. $82,200