The Following Items Were Included in a Corporation's Inventory Account

Multiple Choice

The following items were included in a corporation's inventory account at December 31, 2013: $\begin{array} { | l | l | } \hline \text { Including } 40 \text { percent mark-up on selling price } & \$ 14,000 \\\hline \text { Goods purchased, in transit, shipped FOB shipping point } & 12,000 \\\hline \text { Goods held on consignment by the corporation } & 9,000 \\\hline\end{array}$
Merchandise out on consignment, at sale price, The corporation's inventory account at December 31, 2013 should be reduced by:

A) $14,600
B) $17,400
C) $23,000
D) $35,000