Keiko Company Took a Physical Inventory at December 31,2010 and Determined

Multiple Choice

Keiko Company took a physical inventory at December 31,2010 and determined that $¥ 3,030,000$ of goods were on hand. In addition, the company had goods consigned with Chang Company that had a cost of $¥ 700,000$ . On December 29 , Keiko sold and shipped f.o.b. shipping point $¥ 600,000$ worth of inventory. These goods arrived at the buyer's place of business on January 4, 2011. What amount should Keiko report as inventory on its December 31,2010 statement of financial position?

A) $¥ 3,030,000$ .
B) $¥ 3,630,000$ .
C) $¥ 3,730,000$ .
D) $¥ 4230,000$ .