On december 31 of the current year, plunkett company reported an ending inventory balance of $215,000. the following additional information is also available: plunkett sold and shipped goods costing $38,000 to savannah enterprises on december 28 with shipping terms of fob shipping point. the goods were not included in the ending inventory amount of $215,000. plunkett purchased goods costing $44,000 on december 29. the goods were shipped fob destination and were received by plunkett on january 2 of the following year. the shipment was a rush order that was supposed to arrive by december 31. these goods were included in the ending inventory balance of $215,000. plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from carole company. (plunkett company is the consignee.) plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to plunkett on december 27 with shipping terms of fob destination and were still in transit at year-end. based on the above information, the amount that plunkett should report in ending inventory on december 31 is:
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On december 31 of the current year, plunkett company reported an ending inventory balance of $215,00...
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