Waterway inc. took a physical inventory at the end of the year and determined that $832000 of goods were on hand. in addition, the following items were not included in the physical count. waterway, inc. determined that $96000 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count).the company sold $39500 worth of inventory f. o.b. destination.
what amount should waterway report as inventory at the end of the year?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost