A business just completed its year-end physical inventory count. According to the count, there was $36,600 of merchandise on hand. Last week, the business purchased merchandise from two suppliers, $7,500 and $5,300, both on terms of FOB Destination. Both shipments were in transit at year end with next week delivery dates. In addition, another business held $3,300 of our inventory on consignment at year-end that was not included in the physical count. How much inventory should be reported on the year-end balance sheet?

Select one:

a.$52,700

b.$39,900

c.$49,400

d.$33,300

e.$41,400