Irwin Company Irwin Company Counted Its Ending Inventory as $178,000 at Year

Irwin Company
Irwin Company counted its ending inventory as $178,000 at year end, January 31, Year 1. Upon review of the records, it was noted that the following items were in transit during the count:
• Goods totalling $2,000 shipped by the supplier F.O.B. destination on January 31 were received February 5 and were not counted by Irwin Company.
- Goods totalling $5,000 shipped by the supplier F.O.B. shipping point on January 30 were received February 2 and were not counted by Irwin Company.
- Goods totalling $6,000 shipped by Irwin Company to a customer F.O.B. shipping point on January 31 were received by the customer on February 3 and were counted by Irwin Company.
-What is Irwin Company's correct inventory balance on January 31,Year 1?

A) $172,000
B) $174,000
C) $177,000
D) $178,000