As of December 31, 2020, ABC determined that the cost of its inventory was $95,000 . The following goods were included in the aforementioned computation: 1. Goods sold to a customer that are in transit (FOB destination): $2,800 2. XYZ company (consignor) goods held on consignment by ABC (consignee). ABC will receive 7% commission when sold: $5,000 3. Goods from ABC company (consignor) that are under consignment at WWW company (consignee): $6,000 4. Goods purchased by ABC that are in transit (FOB destination): $4,000 What is the correct cost of ending inventory for ABC?

Select one:

a.$86,000

b.$83,200

c.$95,000

d.$90,000