a. On December 31, the physical inventory excluded $250 of merchandise inventory set aside for expected shipment to a customer. b. On December 31, the physical inventory excluded $1,000 of merchandise inventory out on consignment in a customers showroom. c. On December 31, the physical inventory excluded $800 of merchandise held on consignment. d. In-transit merchandise of $750 was shipped f.o.b. destination to a customer and was excluded from the physical inventory count. The merchandise was turned over to a common carrier on December 28 and is delivered to the customer on December 31. e. Ultim Corp. ordered $800 of merchandise on December 26. The merchandise was shipped to Ultim Corp. f.o.b. shipping point on December 30 and was expected