QUESTION 5 Given the following items and costs as of the balance sheet date, determine the value of Im Company's merchandise inventory $1,000 goods sold by Im to another company. The goods are in transit and shipping terms are FOB destination. $2,000 goods sold by another company to Im. The goods are in transit and shipping terms are FOB destination. $3,000 owned by Im but in the possession of another company, the consignee. $2,500 goods held on consignment by Im from another company. . . $4,000 $8,000 $12,500 $10,000