BobCat Inc sold inventory on account to TomCat on December 29 that was to be delivered January 2. There are no other goods in transit. The inventory cost BobCat $10,000 and the selling price was $18,000. Inventory count reveled $58,000 in Inventory and COGS was estimated to be 380k (goods in transit were not recorded). What are related BS_____________ and IS December 31 assuming company employed FOB destination. items as of Inventory: $58,000; Cost of Goods sold: $380,000 Inventory: $68,000; Cost of Goods sold: $380,000 O Inventory: $58,000; Cost of Goods sold: $390,000 Inventory: $58,000; Cost of Goods sold: $370,000

BobCat Inc sold inventory on account to TomCat on December 29 that was to be delivered January 2. There are no other goods in transit. The inventory cost BobCat $10,000 and the selling price was $18,000. Inventory count reveled $58,000 in Inventory and COGS was estimated to be 380k (goods in transit were not recorded). What are related BS and IS items as of December 31 assuming company employed FOB destination. Inventory: $58,000; Cost of Goods sold: $380,000 Inventory: $68,000; Cost of Goods sold: $380,000 Inventory: $58,000; Cost of Goods sold: $390,000 Inventory: $58,000; Cost of Goods sold: $370,000