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6. Travis Company closes its books every month. At March 31, 2022, Travis Company's inventory records indicated an ending inventory balance of $602,000. Upon
6. Travis Company closes its books every month. At March 31, 2022, Travis Company's inventory records indicated an ending inventory balance of $602,000. Upon further investigation it was determined that this amount included the following: $112,000 in inventory purchases with terms FOB shipping point. The goods were shipped to Travis on 3/27/17 and arrived at Travis Company on April 2, 2022 $74,000 in goods sold by Travis with terms FOB destination. Travis shipped the goods to the customer on March 27, 2022, and the goods arrived at the customer's place of business on April 6, 2022 $6,000 of goods received on consignment from Davis Company What is Travis Company's correct ending inventory balance at March 31, 2022? a. $490,000 b. $596,000 c. $410,000 d. $484,000
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