Sunland inc. took a physical inventory at the end of the year and determined that $770000 of goods were on hand. In addition, Sunland determined that $61000 of goods were in transit. The goods were shipped f.o.b. shipping point and were received two days after the inventory count. Sunland also had $90000 of goods out on consignment. What amount should Sunland report as inventory at the end of the year? $860000 $921000 $770000 $850000