PT. Sherley took a physical inventory at the end of the year 2020 and determined that 600,000 of goods were on hand. In addition, PT. Sherley determined that 70,000 of goods that were in transit that were shipped f.o.b. shipping were actually received two days after the inventory count and that the company had 55,000 of goods out on consignment. What would be the correct statements.

You may choose more than one alternative

Group of answer choices

The ending inventory in 2020 is 600,000

Normally, PT Sherley should pay the delivery cost for the in-transit goods

PT Sherley must record the in transit goods in year 2021.

The consignment goods does not reduce the company's ending inventory in 2020.

The ending inventory in 2020 is 725,000