-Gross profit does not appear:

A.) to be relevant in analyzing the operation of a merchandising company.

B.) on either a multiple-step or single-step income statement.

C.) on a multiple-step income statement.

D.) on a single-step income statement.

-At December 31, 2017 Windsor, Inc.'s inventory records indicated a balance of $631000. Upon further investigation it was determined that this amount included the following: $126000 in inventory purchases made by Windsor shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $86000 in goods sold by Windsor with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th $7600 of goods received on consignment from Flint Company What is Windsor correct ending inventory balance at December 31, 2017?

A.) $623400

B.) $497400

C.) $411400

D.) $505000