b) The physical count included $29,000 of goods billed to Sakic Corp. f.o.b.shipping point on December 31,2008. The carrier picked up these goods on January 3,2009. What amount should Francis report as inventory on its balance sheet? 3). Mark Messier Corp. had 1,500 units of part M.O. on hand May 1,2008, costing $21 each. Purchases of part M.O. during May were as follows:May 9 units 2,000 , Unit cost $22, May 17 Units 3,500 Unit cost 23, May 26 1,000 units , unit cost 24. A Physical count on May 31,2008, shows 2,100 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. inventory at May 31,2008? Using the LIFO method, what is the inventory cost? Using the average cost method, what is the inventory cost?