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Carlton Company purchases $5,000 of inventory with shipping terms, FOB Portland. Carlton is based in Seattle and the supplier is based in Portland. The shipping

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Carlton Company purchases $5,000 of inventory with shipping terms, FOB Portland. Carlton is based in Seattle and the supplier is based in Portland. The shipping costs are $470. What is the cost of Carlton's inventory? OA. $5,000 O B. $5,470 O C. Either $5,000 or $5,470 is an acceptable amount to assign to inventory cost under GAAP. 0 D. There is not enough information to calculate inventory cost

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