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Not sure what the right anwser is. On December 31 of the current year, Plunkett Company reported an ending inventory balance of $220,000. The following

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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $220,000. The following additional information is also available: Plunkett sold and shipped goods costing $39,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point The goods were not included in the ending inventory amount of $220,000 Plunkett purchased goods costing $45,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $220,000 Plunkett's ending inventory balance of $220,000 included $16.000 of goods being held on consignment from Carole Company. Plunkett Company is the consignee.) Plunkett's ending inventory balance of $220.000 did not include goods costing $96.000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is Multiple Choice $204,000 $175,000 $198.000 $159,000 $214,000

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