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December 28. Both shipments are expected to arrive on January 5. The first shipment of $133,000 was sold f.o.b. destination and the second shipment of

December 28. Both shipments are expected to arrive on January 5. The first shipment of $133,000 was sold f.o.b. destination and the second shipment of $79,000 was sold f.o.b. shipping point. What amount of inventory should Smith-Miller report on its balance sheet as of December 312 A. $909,000 O B. $776,000 O c. $830,000 OD. S697-000

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