Transcribed Image Text: 17. 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

Transcribed Image Text: 17. 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 onsignment.
amount should Bell report as inventory at the end of the year?
a. $780,000.
b. $840,000.
c. $870,000.
d. $930,000.

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