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The Gateway Company's physical inventory at 12/31 was $10,000. In addition, three in-transit items existed: A $350 item purchased from a vendor, FOB Destination A

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The Gateway Company's physical inventory at 12/31 was $10,000. In addition, three in-transit items existed: A $350 item purchased from a vendor, FOB Destination A $200 item sold to a customer; FOB Destination A $150 item purchased from a vendor, FOB shipping The 12/31 Inventory for the balance sheet is: O a. $10,000 Ob. $10,350 Oc. $10,200 Od $10,550 O e. $10,150

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