Based on physical count of inventory in its warehouse at year-end. December 31, 2015. Austin Company planned to report inventory of $55.000 during the audit, the independent CPA developed the following additional information. Goods shipped from a supplier costing $2.000 are in transit with UPS on December 31, 2015. The terms were FOB shipping point. Because the goods had not arrived, they were excluded from the physical inventory count On December 31, goods in transit to customers, with terms FOB destination, amounted to $ 1, 600. Because the goods had been shipped, they were excluded from the physical count. Austin delivered goods to be held on consignment costing $1,000 to Jackson Company on December 26. 2012. Because these goods were not on hand they were excluded from the inventory count. On December 31, 2015, goods in transit to customers, with terms FOB shipping point, amounted to $ 1, 900. Because the goods had been shipped, they were excluded from the inventory count