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At December 31, 2022, Nash's Trading Post, LLC inventory records indicated a balance of $865000. Upon further investigation it was determined that this amount included
At December 31, 2022, Nash's Trading Post, LLC inventory records indicated a balance of $865000. Upon further investigation it was determined that this amount included the following: - $165000 in inventory purchases made by Nash's shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd - $101000 in goods sold by Nash's with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $7500 of goods received on consignment from Mary Company What is Nash's's correct ending inventory balance at December 31, 2022? A $700000 $857500 $692500 $591500
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