Reserved Inventory & the Inventory Ledger Report

Is the Inventory Ledger Report inclusive or exclusive of the Reserved Inventory? The reserved inventory report includes Reserved Customer orders (reserved_customerorders), Reserved transfers (reserved_fc-transfers) and Reserved Processing (reserved_fc-processing). The inventory ledger report is an inventory rollforward report.

As an example, if I pull a Reserved Inventory and an Inventory Ledger report with the same (ending) date and have 100 units In Transit Between Warehouses per the Inventory Ledger report and 10 units in the Inventory Reserve report categorized as Reserved transfers (reserved_fc-transfers), does this mean I have 110 total units In Transit or is the 10 included in the Inventory Ledger balance?

Another example would be for reserved customer orders. Are reserved customer orders set aside and excluded from the ending balance in the inventory ledger report or does the inventory ledger report include reserved customer orders until fully shipped?

Any insight others have would be appreciated.