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Aggie Company just completed a physical inventory count of its inventory at year-end, December 31,2023....

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Accounting

Aggie Company just completed a physical inventory count of its inventory at year-end, December 31,2023. The count included all items on its shelves and in storage. The following items were in transit and were not included in the ending inventory amount of $34,000.
On December 27, Aggie purchased goods costing $1,400. The goods were shipped from the supplier, FOB destination on December 27.
On December 30, Aggie shipped goods costing $1,500 to customers, with terms FOB shipping point.
On December 31, Aggie shipped $900 worth of goods to a customer, FOB destination.
On December 26, Aggie purchased goods costing $2,800. The goods were shipped to Aggie, FOB shipping point on that date.
Determine the correct inventory balance for Aggie on December 31,2023.
Group of answer choices
$41,000
$37,000
$38,300
$37,700
$40,600

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