You are assisting Bayshore Company in preparing for a physical count of inventory. An unexperienced staff accounting has provided you a list of items and asked you to help determine which items should be reported as inventory on the year-end balance sheet. In the list below, make all items the SHOULD NOT be report as inventory on Bayshore's year end balance sheet. Factory supplies Raw materials on which a manufacturing firm has started production but which are not completely processed. Office supplies. Materials on hand not yet placed into production by a manufacturing firm. Goods held on consignment for another company, Good purchased F.O.B, destination that are in transit at year end. Freight charges on goods purchased. Good purchased F.O.B. shipping point that are in transit at year end. Good sold where large returns are predictable. Costs incurred to advertise good held for sale. Goods out on assignment at another company's store, The following example provide for missing amounts in the calculation of net income assuming the periodic method of inventory calculation is used. Calculate and fill in the amounts that are missing. (Do not enter dollar signs. Do not include cents when entering your answer. Enter all numbers as positive number, even if the number would be subtracted in the calculation.) 2019 2020 2021 $ Sales $290,000 $410,000 Revenue Sales Returns and Allowances 11,000 13,000 Net Sales 347,000 20,000 32,000 Beginning Inventory Ending Inventory Purchases 260,000 298,000 5,000 8,000 10,000 Purchases return and allowances Freight-In 8.000 9,000 12,000 Cost of Goods Sold 233.000 293,000 Gross profit on sales 46,000 91,000 97,000