Company A and Company B use a 12/31 year-end. They use FIFO.

A has $1,000 in inventory at the end of December, before any adjusting entries

The inventory is 100 items at a cost of $10 each.

The estimated the selling price of the inventory at 12/31 is $11. The estimated shipping cost (to be paid by the seller) is $3 per unit.

B has $2,000 in inventory at the end of December, before any adjusting entries.

The inventory is 500 items at a cost of $4 each.

The estimated selling price of the inventory on 12/31 is $9. The estimated shipping cost (to be paid by the seller) is $2 per unit.

Choose the correct balance sheet valuation for each company.

- A. B. C. D. E. F. G.	What does A report as inventory on the balance sheet?
- A. B. C. D. E. F. G.	What does B report as inventory on the balance sheet?

Please answer with what A and B report as inventory on the balance sheet.