Match each situation to its impact (a-c) on the current year's net income. merchandise held on consignment was included in the count of ending inventory. drag answer here beginning inventory was understated. drag answer here the beginning inventory was recorded as $10,000, when actual inventory on hand was $12,000. drag answer here purchased merchandise was shipped fob shipping point on the last day of the year. the cost of the merchandise was not included in ending inventory. drag answer here merchandise that was sold and shipped fob destination on the last day of the year was not included in the seller's ending inventory. drag answer here merchandise was purchased fob destination on the last day of the year. the cost of the merchandise purchased was not included in ending inventory. drag answer here a consignor included merchandise in the hands of the consignee in ending inventory. drag answer here merchandise that was sold and shipped fob shipping point on the last day of the year was not included in the seller's ending inventory.