Bell Inc. took a physical inventory at the end of the year and determined that $780,000 of goods were on hand.
In addition, Bell, Inc. determined that $60,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $90,000 of goods out on consignment.

What amount should Bell report as inventory at the end of the year?
a. $780,000.b. $840,000.c. $870,000.d. $930,000.