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Theo Co. has the following items in transit as of December 31, 2022: $2779 of merchandise purchased FOB shipping point and $2948 of merchandise sold

Theo Co. has the following items in transit as of December 31, 2022: $2779 of merchandise purchased FOB shipping point and $2948 of merchandise sold FOB destination The company would include $ Blank 1. Calculate the answer by read surrounding text. in it's Inventory balance as of December 2022 related to these two in-transit items. Note: Enter '0' if neither should be included in Inventory. Include whole numbers only in your answer. Do not include dollar signs, decimals, or commas.

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