If goods in transit of $11500 (cost is $7700) are shipped FOB destination at a cost of $1000 and were not included in the count of inventory by the seller or the buyer at their year end of December 31, 2024, then the buyer's inventory is overstated by $11500. the seller's inventory is understated by $7700. the seller's imventory is overstated by $8700. the buyer's inventory is understated by $12500