Max Petfood Ltd. is preparing an inventory listing for April 30, its fiscal year-end. The following items have been identified:

Description

Shipment from supplier, arrived in April 29, but inspected, found defective, and will be returned.

$ 73,200 Shipment from supplier, in transit April 30, arrived May 2, shipped FOB destination.

$ 20,800 Shipment from supplier, in transit April 30, arrived May 10, shipped FOB shipping point. $ 8,300

Shipment to customer, shipped April 29, in transit April 30, FOB destination.

Estimated shipping time is one week. $ 29,700 Shipment to customer, shipped April 29, in transit April 30, FOB shipping point. Estimated shipping time is one week. $ 42,950

Required: Identify the items above that must be included in inventory of Max Petfood Ltd. as of April 30.