jonathan de los Santos D - Review EE Share ChO8_PPT - Read-Only View Help Search S A \0000 - ALDI. = = = 2 e Arrange Quick Styles - Paragraph Drawing Shape Fill Shape Outline Shape Effects Find c Replace - Select = = Dictate Editing Voice Concept Check v Barrington Corporation uses the periodic inventory system. At December 31, 2016, the end of the company's fiscal year, a physical count of inventory revealed an ending inventory balance of $80,000. The following items were not included in the physical count: Merchandise shipped to a customer on 12/28 f.o.b. destination (merchandise arrived at customer's location on 1/5/17) $3,000 Merchandise shipped to a customer on 12/29 f.o.b. shipping point (merchandise arrived at customer's location on 1/2/17) 1,500 Merchandise purchased from a supplier, shipped f.o.b. destination on 12/26, arrived on January 4, 2017 6,000 Merchandise costing $12,000 was being held on consignment by Barrington Barrington's 2016 ending inventory should be: a. $80,000 b. $89,000 $83,000 $87,750 dd notes Notes 5:54 PM BRA 03/22/2020