ml Ch. 8 Assessment The Mateo Corporation's inventory at December 31, 2018, was $325,000 based on a physical count priced at cost, adjustment for the following e any . Merchandise costing $30,000, shipped fo.b. shipping point from a vendor on December 30, 2018, was received on January 5, 2019 Merchandise costing $22,000, shipped fo.b. destination from a vendor on December 28, 2018, was received on January 3, 2019 . Merchandise costing $38,000 was shipped to a customer fo.b. destination on December 28, arrived at the customer's location on January 6, 2019 costing $12,000 was being held on consignment by Traynor Company What amount should Mateo Corporation report as inventory in its December 31, 2018, balance sheet? Multiple Choice $325.000 $405.000