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Swifty Inc, took a physical inventory at the end of the year and determined that $775000 of goods were on hand. In addition, Swifty determined

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Swifty Inc, took a physical inventory at the end of the year and determined that $775000 of goods were on hand. In addition, Swifty determined that $64000 of goods were in transit. The goods were shipped f.o.b. shipping point and were received two days after the inventory count. Swifty also had $91500 of goods out on consignment. What amount should Swifty report as inventory at the end of the year? $930500$775000$866500$856500

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