1. At December 31, 2010 Mohling Company's inventory records indicated a balance of $752,000. Upon further investigation it was determined that this amount included the following items: 1) $112,000 in inventory purchases made by Mohling shipped from the seller December 10, 2010 terms FOB destination, but not due to be received until January 2, 2011. 2.) $74,000 in goods sold by Mohling with terms FOB destination on December 27, 2010. The goods are not expected to reach their destination until January 6, 2011. 3.) $6,000 of goods received on consignment from Dollywood Company. Mohling Company's inventory balance is not stated correctly as of December 31, 2010. Determine which amounts in #1-#3 should or should not be included in the inventory balance. What is Mohling's correct ending inventory balance at December 31, 2010?

	$560,000
	$634,000
	$746,000
	$640,000