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BBD Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In addition, the following

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BBD Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In addition, the following items were not included in the physical count. $96,000 of goods purchased by BBD were in transit (shipped f.01. destination and received by the company three days after the inventory count). The company also sold $40,000 worth of inventory f.o.b. destination. What amount should BBD report as inventory at the end of the year? a. $840,000 b. $936,000. c. $880,000 d. $976,000

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