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At December 31,2025 , suppose that Ulta Company's inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included
At December 31,2025 , suppose that Ulta Company's inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included the following: - $168,000 in inventory purchases made by Ulta shipped from the seller December 31 . 2025 terms FOB destination, but not due to be received until January 2, 2026 - $111,000 in goods sold by Ulta with terms FOB destination on December 27, 2025. The goods are not expected to reach their destination until January 6, 2026 . - $9,000 of good5 received on consignment from Cocokind Company What is Ulta's correct ending inventory balance at December 31,2025? $701,000 $869,000 $590,000 $710,000
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