The mateo corporation's inventory at december 31, 2013, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following: ▪ merchandise costing $30,000, shipped f. o.b. shipping point from a vendor on december 30, 2013, was received on january 5, 2014. ▪ merchandise costing $22,000, shipped f. o.b. destination from a vendor on december 28, 2013, was received on january 3, 2014. ▪ merchandise costing $38,000 was shipped to a customer f. o.b. destination on december 28, arrived at the customer's location on january 6, 2014. ▪ merchandise costing $12,000 was being held on consignment by traynor company. what amount should mateo corporation report as inventory in its december 31, 2013, balance sheet?
a.$367,000.
b.$427,000.
c.$405,000.
d.$325,000.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.