Hill tps:/ MC Qu. 67 Buffalo Company reported.. Buffalo Company reported a December 31 ending inventory balance of $412,000 The following additional inf The ending inventory balance of $412,000 did not include goods costing $48,000 that were purchased by Buffalo on D shipped FOB destination on that date. Buffalo did not receive the goods until January 2 of the following year . The ending inventory balance of $412,000 included damaged goods at their original cost of $38,000. The net realizable value of the damaged goods was $10.000. Based on this information, the correct balance for ending inventory on December 31 is $374,000