15. Truly Supply Company is a retailer that maintains a perpetual inventory system. In order to maintain control of its inventory, Truly performs quarterly physical inventory counts. As of December 31, 2014, Trulys general ledger, prior to any adjustment for the physical count, reported an ending Inventory balance of $750,000. On December 31st, Truly's employees performed a physical inventory count and as a result, determined that $650,000 of inventory was on hand as of 12/31st. Truly kept track of shipments and deliveries happening in the 5 days before and after year-end and has provided you with the following summary of activity: (i) December 28, 2014: Goods with a sales price of $65,000 were shipped to a customer FOB Destination on December 28th. The goods had an original cost to Truly of $50,000 and arrived at the customer's location on December 31, 2014. (ii) December 30, 2014: Goods with a sales price of $35,000 were shipped to a customer FOB Destination on December 30th. The goods had an original cost to Truly of $25,000 and arrived at the customer's location on January 3, 2015. (iii) December 31, 2014: Goods with a sales price of $90,000 were shipped to a customer FOB Shipping Point on December 31st. The goods had an original cost to Truly of $75,000 and arrived at the customer's location on January 3, 2015. (iv) January 2, 2015: Goods with a purchase price of $25,000 were shipped by a vendor to Truly, FOB Destination on December 28th. The goods arrived at Trulys facility on January 2, 2015. (v) January 3, 2015: Goods with a purchase price of $50,000 were shipped by a vendor to Truly, FOB Shipping Point on December 26th. The goods arrived at Trulys facility on January 3, 2015. What dollar amount should Truly compare to its 12/31st general ledger balance? A. $650,000 B. $675,000 C. $700,000 D. $750,000 E. $725,000