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PeeDee Corp. made two purchases at the end of 2020, and both are still in transit at year end. The first purchase, for $5,000,
PeeDee Corp. made two purchases at the end of 2020, and both are still in transit at year end. The first purchase, for $5,000, was shipped FOB shipping point. The second purchase, for $10,000, was shipped FOB destination. Considering only these two purchases, what amount should be included in PeeDee's ending inventory balance for 2020? $5,000 O $10,000 O $15,000 $0
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