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help At December 31,2022 , Ivanhoe Company's inventory records indicated a balance of $682560. Upon further investigation it was determined that this amount included the
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At December 31,2022 , Ivanhoe Company's inventory records indicated a balance of $682560. Upon further investigation it was determined that this amount included the following: - $120960 in inventory purchases made by Ivanhoe shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2 - $79920 in goods sold by Ivanhoe with terms FOB destination on December 27 . The goods are not expected to reach their destination until January 6 - $6480 of goods received on consignment from Dollywood Company What is Ivanhoe's correct ending inventory balance at December 31,2022 ? $555120$475200$561600$676060 Step by Step Solution
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