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The seller sold $ 3 , 5 0 0 of merchandise to a customer on account, shipped FOB shipping point on December 3 0 .

The seller sold $3,500 of merchandise to a customer on account, shipped FOB shipping point on December 30. The goods are still in transit at year-end. Indicate whether the goods should be included or excluded from the seller's inventory at December 31, its yearend.
Include
Exclude

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