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The following items were included in Chad Company's inventory at December 31, 2020, Merchandise held on consignment from Sigma Corp. $ 8,400 Goods purchased, in

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The following items were included in Chad Company's inventory at December 31, 2020, Merchandise held on consignment from Sigma Corp. $ 8,400 Goods purchased, in transit, shipped FOB destination 12,000 Goods sold, in transit, shipped FOB shipping point 9,000 Chad Company's inventory account at December 31, 2018 should be reduced by: $29,400 $8,400 $9,000 $12,000

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