The Vintage Car Parts Company of Elko Nevada was closed on January 1* for New Year's Day, and stayed closed on January 2nd in order to take a complete physical inventory. At the conclusion of the physical count on January 29, the total physically inventory counted was $423,700. Because the company was not quite sure about a number of inventory related items, they have provided the following list for your review and recommendation on how to handle the items noted to be sure they have a correct physical inventory as of December 31". 1. During the physical inventory on January 2nd, a freight truck arrived with a shipment of car parts that had been ordered on December 21st. The freight document showed the order left the supplier's warehouse on December 22nd and was shipped FOB Destination with a guaranteed arrival date of December 28th. The shipment was delayed due to a heavy sierra snow storm; however, because it was originally guaranteed to arrive on December 28th, the parts were counted and included in physical inventory; the total cost of the car parts was $21,945. Question #3, continued 2. Five days later, on January 7th a large shipment of parts totaling $17,850 arrived. The shipping documents indicated the order left the supplier's warehouse FOB shipping point on December 31. This order was Not counted since it had arrived 7 days after December 31 3. On December 27th Vintage Car Parts had shipped a FEDX 2 day rush order to be delivered on December 29th to a Corvette restoration shop in Concord California. The