ABC. Company took a physical inventory at the end of the year and determined that 300,000 SR of goods were on hand. In addition, ABC Co. did not include in the physical count purchased goods of 50,000 SR, which were in transit and shipped FOB shipping point, and included in the physical count 75,000 SR of goods that were held on consignment. What amount should ABC report as inventory at the end of the year? Select one: a. 275,000 SR. b. 425,000 SR. c. 175,000 SR d. 225,000 SR. Next page Ch 1 Jump to