Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $76,000 and Cost of Goods Sold of $432,000. Included in Inventory (and Accounts Payable) are $11,200 of lenses SLC is holding on consignment. Included in SLCs Inventory balance are $5,600 of office supplies held in SLCs warehouse. Excluded from SLCs Inventory balance are $8,600 of lenses in the warehouse, ready to send to customers on January 2. SLC reported these lenses as sold on December 31, at a price of $16,200. Included in SLCs Inventory balance are $3,300 of lenses that were damaged in December and will be scrapped in January, with zero realizable value