Pettis Needs to Determine Its Year-End Inventory

Multiple Choice

Pettis needs to determine its year-end inventory. The warehouse contains 20,000 units, of which 3,000 were damaged by flood and cannot be sold. Another 2,000 units, shipped FOB shipping point, are in transit. The company also consigns goods and has 4,000 units at a consignee's location. How many units should Pettis include in its year-end inventory?

A) 29,000
B) 21,000
C) 23,000
D) 19,000
E) 26,000