The following inventory transactions took place near December 31, 2021, the end of the Dixon Companys fiscal year-end:

A.	On December 27, 2021, merchandise costing $2,000 was shipped to the Myers

Company on consignment. The shipment arrived at Myerss location on December 29, but none of the merchandise was sold by the end of the year. The merchandise was included in the 2021 ending inventory.

B.	On January 5, 2022, merchandise costing $8,000 was received from a supplier

and recorded as a purchase on that date and not included in the 2021 ending inventory. The invoice revealed that the shipment was made f.o.b. destination on December 28, 2021.

C.	On December 29, 2021, the company shipped merchandise costing $12,000 to a

customer f.o.b. destination. The goods, which arrived at the customers location on January 4, 2022, were included in Dixons 2021 ending inventory. The sale was recorded in 2022.

D.	Merchandise costing $4,000 was received on December 28, 2021, on

consignment from the Haskins Company. A purchase was recorded and the merchandise was included in 2021 ending inventory.

E.	Merchandise costing $6,000 was received and recorded as a purchase on January

8, 2022. The invoice revealed that the merchandise was shipped from the supplier on December 28, 2021, f.o.b. shipping point. The merchandise was not included in 2021 ending inventory. Which of the five situations above was accounted for correctly by Dixon Company?

		a.Only situations D and E
		b.Only situations A and B
		c.Only situations A, C and E
		d.Only situations A, B, and C