At December 31, 2017 Howell Company's inventory records indicated a balance of $878000. Upon further investigation it was determined that this amount included the following:

$168000 in inventory purchases made by Howell shipped from the seller 12/27/14 terms FOB destination, but not due to be received until January 2nd

$111000 in goods sold by Howell with terms FOB destination on December 27^th. The goods are not expected to reach their destination until January 6^th

$9000 of goods received on consignment from Westwood Company

What is Howell correct ending inventory balance at December 31, 2017?

a)$869000

b)$590000

c)$701000

d)$710000