At December 31, 2017 Howell Companys 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?

$869000

$590000

$701000

$710000

from Newport Company for $22,000, terms 2/10, n/10. 2. On April 6 paid freight costs of $900 on merchandise purchased from Newport. 3. On April 7 purchased equipment on account for $26,000 4. On April 8 returned some of April 5 merchandise to Newport Company which cost $2,000. 5. On April 15 paid the amount due to Newport Company in full