Merchandise of $$61,000$ physically held by the company$/$the consignee on consignment.

Merchandise costing $$38,000$ shipped by the company FOB destination to a customer on December $31.$ The customer received the merchandise on January $6$ of the next year.

Merchandise costing $$51,000$ purchased by the company FOB shipping point on December $31($manufacturer shipped it on $12/31,$ too$)$ and received by the company on January $5$ of the next year.

Raw materials on which the company has started production, but which are not completely processed.