At December 31, 2025, suppose that Pharoah Company's inventory records indicated a balance of $873000. Upon further investigation it was determined that this amount included the following: $165000 in inventory purchases made by Pharoah shipped from the seller December 31, 2025 terms FOB destination, but not due to be received until January 2, 2026 - $109000 in goods sold by Pharoah with terms FOB destination on December 27, 2025. The goods are not expected to reach their destination until January 6, 2026 - $10300 of goods received on consignment from Jennifer Company What is Pharoah's correct ending inventory balance at December 31, 2025? $708000 $588700 $862700 $697700

At December 31,2025 , suppose that Pharoah Company's inventory records indicated a balance of $873000. Upon further investigation it was determined that this amount included the following: - $165000 in inventory purchases made by Pharoah shipped from the seller December 31,2025 terms FOB destination, but not due be received until January 2,2026 - \$109000 in goods sold by Pharoah with terms FOB destination on December 27, 2025. The goods are not expected to reach their destination until January 6,2026 - $10300 of goods received on consignment from Jennifer Company What is Pharoah's correct ending inventory balance at December 31, 2025? $708000 $588700 $862700 $697700