Q4

View Policies Current Attempt in Progress Blossom Company took a physical inventory on December 31 and determined that goods costing $221,500 were on hand. Not included in the physical count were $28,000 of goods purchased from Splish Brothers Inc, FOB, shipping point and $28,000 of goods sold to Novak Corp. for $30,000, FOB destination. Both the Splish Brothers purchase and the Novak sale were in transit at year-end. What amount should Blossom report as its December 31 inventory? $ Ending Inventory