ABC Manufacturing Company has the following account balances at year end: What amount should ABC report as inventories in its balance sheet? \begin{tabular}{|} $101,000. \\ $97,000 \\ \hline$183,000. \\ $187,000. \end{tabular} Question 37 2 pts The cost of inventory that is still on hand and has NOT been sold to customers is called: inventory, a current asset that appears on the balance sheet. cost of goods sold, and it appears on the income statement. inventory, a current asset that appears on the income statement. cost of goods sold, and it appears on the balance sheet. Question 38 2 pts Under the periodic inventory method, the amount of inventory is: Neither of the above is correct. only known when a physical count is taken. adjusted after each purchase. adjusted after each sale