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At December 31, 2017 Howell Company's inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included the following: $168,000 in inventory purchases made by Howell shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $ 111,000 in goods sold by Howell with terms FOB destination on December 27^th. The goods are not expected to reach their destination until January 6^th. $9,000 of goods received on consignment from Westwood Company. What is Howell's correct ending inventory balance at December 31, 2017? a. $710,000 b. $869,000 c. $590,000 d. $701,000 At December 31, 2017 Howell Company's inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included the following: $168,000 in inventory purchases made by Howell shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $ 111,000 in goods sold by Howell with terms FOB destination on December 27^th. The goods are not expected to reach their destination until January 6^th. $9,000 of goods received on consignment from Westwood Company. What is Howell's correct ending inventory balance at December 31, 2017? a. $710,000 b. $869,000 c. $590,000 d. $701,000

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