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At December 31,2017 Novak Corp.'s inventory records indicated a balance of $889000.Upon further investigation i it was determined that this amount included the following purchases

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At December 31,2017 Novak Corp.'s inventory records indicated a balance of $889000.Upon further investigation i it was determined that this amount included the following purchases made by Novak shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $103000 in goods sold by Novak with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6 $12100 of goods received on consignment from Westwood What is Novak correct ending inventory balance at December 31,2017 O$707000 $876900 $694900 $591900

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