At December 31, 2010 Howell Companys inventory records indicated a balance of $1,128,000. Upon further investigation it was determined that this amount included the following three items: (1) $168,000 in inventory purchases made by Howell shipped from the seller 12/27/10 terms FOB destination, but not due to be received until January 2nd (2) $111,000 in goods sold by Howell with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th. (3) $9,000 of goods received on consignment from Westwood Company What is Howells correct ending inventory balance at December 31, 2010