The Mateo Corporation's inventory at December 31, 2016, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following: Merchandise costing $30,000, shipped f.o.b. shipping point from a vendor on December 30, 2016, was received on January 5, 2017. Merchandise costing $22,000, shipped f.o.b. destination from a vendor on December 28, 2016, was received on January 3, 2017. Merchandise costing $38,000 was shipped to a customer f.o.b. destination on December 28, arrived at the customer's location on January 6, 2017. Merchandise costing $ 12,000 was being held on consignment by Traynor Company. What amount should Mateo Corpora ion report as inventory in is December 31, 2016, balance sheet? a. $367,000. b. $427,000. c. $405,000. d. $325,000. In a period when costs are rising and inventory quantities are stable, the inventory method that would result in the highest ending inventory is: a. Weighted average. b. Moving average. c. FIFO. d. LIFO