A business just completed its year-end physical inventory count. According to the count, there was $30,600 of merchandise on hand. Last week, the business has purchased merchandise from two suppliers, $3,600 on terms of FOB Shipping Point and $10,100 on FOB Destination. Both shipments are were transit at year end with next week delivery dates. In addition, another business held $5,900 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.

$36,500

b.

$32,900

c.

$34,200

d.

$30,600

e.

$40,100