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  3. a company's inventory on december 31,2024 , was $3

A company's inventory on December 31,2024 , was $345,000 based on a physical count priced...

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Accounting

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A company's inventory on December 31,2024 , was $345,000 based on a physical count priced at cost, and before any necessary adjustment for the following: - Inventory costing $50,000, shipped fo.b. shipping point from a vendor on December 30,2024 , was received on January 5,2025. - Inventory costing $42,000, shipped to b. destination from a vendor on December 28,2024 , was recelved on January 3,2025. - Inventory costing $58,000 was shipped to a customer fo.b. destination on December 28 , arrived at the customer's location on January 6,2025 . - Inventory costing $32,000 was being held on consignment by Traynor Company. What amount should the company report as inventory in its December 31,2024 , balance sheet? Multiple Choice $427,000 5527,000 $485,000 $345,000

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