A listing of the Minerva Company's inventory items at the end of 2007 totals $95,000. ncluded in this amount are the following items: Merchandise in transit as of 12/21/2007, purchased FOB shipping point $6,800 Goods held by Minerva as consignee from Nirvana 5,000 Goods out on consignment, at cost plus 50% markup on cost plus $100 delivery charge. 6,100 What is the dollar amount of Minerva's 2007 ending inventory that should be reported on the balance sheet? a. $83,100 b. $86,200 c. $87,900 d.) $88,000 Il Near the end of 2007, Wilson Co. made the following purchases. The months involved I Near the end of 2007, Wilson Co. made the following purchases. The months involved in all cases are December 2007 and January 2008 Date Goods Shipped 12/29 1/2 12/28 12/29 Date Invoice Mailed 1/2 12/29 1/2 12/27 Date Goods Rec'd 1/5 1/4 1/3 Date Invoice Rec'd 1/4 12/30 1/4 12/28 Amount FOB $1,575 Destination 2,430 Shipping Point 1,890 Shipping Point 2,700 Destination What amount of the above purchases should be included in inventory at December 31, 2 007? a. S1,575 b, $1,890 $4,320 d. $4,575