Sunland Inc. took a physical inventory at the end of the year and determined that $838000 of goods were on hand. In addition, the following items were not included in the physical count. Sunland, Inc. determined that $96500 of goods purchased were in transit that were shipped f.o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $40000 worth of inventory f.o.b. destination that did not reach the destination yet. What amount should Sunland report as inventory at the end of the year? $838000 $974500. $878000 $934500 (Ctrl)