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Wu Corp. buys and sells shoes. On December 31,2023, Wu is facing several scenarios regarding...

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Accounting

Wu Corp. buys and sells shoes. On December 31,2023, Wu is facing several scenarios regarding its inventory of shoes:
10 pairs of shoes were ordered from Kayamori Corp. Kayamori shipped the shoes to Wu f.o.b. destination. The shoes have not arrived as of December 31,2023.
20 pairs of shoes manufactured by Borneman, Inc. are being held by Wu on consignment - if/when Wu sells the shoes, they will keep a fee and remit the rest of the selling price to Borneman.
5 pairs of shoes were sold to customers in late December, but those customers have requested permission to return the shoes (in resellable condition) to Wu, but the shoes havent yet arrived as of December 31,2023.
Wu sold 15 pairs of shoes to customers on Wus eCommerce website. The shoes have already been shipped, and the terms of the shipment are f.o.b. destination. The shoes havent yet arrived at the customers houses.
Required:
Of the 50 pairs of shoes mentioned in the four bullets above, how many of those pairs of shoes would be correctly reported in Wus December 31,2023 inventory under GAAP? Explain your answers as needed.

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