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What total cost for goods should be included in inventory

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Question 1: On December 28, 2020, INDIGO Company purchased goods costing ?500,000. The terms were FOB destination. Some of the costs incurred in connection with the sale and delivery of the goods were packaging for shipment ?10,000, shipping?15,000, and special handling charges ?25,000. These goods were received on December 31, 2020. On December 31, 2020, what total cost for these goods should be included in inventory? 

Option 1: ? 550,000

Option 2: ? 525,000

Option 3: ? 500,000

Option 4: ? 510,000

Reference no: EM132859041

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