Identify which company will report the inventory on its balance sheet at May 31. On May 28, Haver Company purchased merchandise from Workman Inc., terms FOB shipping point. The goods arrived June 2. On May 29, Wallace Company sold merchandise to Arcs Co., terms FOB shipping point. The goods arrived June 4. On May 27, Smith Company purchased merchandise from Hanover, terms FOB destination. The goods arrived June 1