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Zamboni Inc. took a physical inventory at the end of the year and determined that $830,000 of goods were on hand. In addition, Zamboni, Inc.

  1. Zamboni Inc. took a physical inventory at the end of the year and determined that $830,000 of goods were on hand. In addition, Zamboni, Inc. received $60,000 of goods two days after the inventory count that were in transit and shipped FOB shipping point on 12/31. Finally, the company had $90,000 of goods out on consignment. What amount should Zamboni report as inventory at the end of the year?

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