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At December 31, 2017 Blossom Company's inventory records indicated a balance of $886000. Upon further investigation was determined that this amount included the following: $166000
At December 31, 2017 Blossom Company's inventory records indicated a balance of $886000. Upon further investigation was determined that this amount included the following: $166000 in inventory purchases made by Blossom shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd 125000 in goods sold by Blossom with goods received on consignment from Blue SoieC December 27th. The goods are not expected to reach their destination until January 6th uce Company What is Blossom correct ending inventory balance at December 31, 2017? $710900 $585900 $720000 $876900
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