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i need help please At December 31, 2025, suppose that Metlock Company's inventory records indicated a balance of $644000. Upon further investigation it was determined
i need help please
At December 31, 2025, suppose that Metlock Company's inventory records indicated a balance of $644000. Upon further investigation it was determined that this amount included the following: - $115000 in inventory purchases made by Metlock shipped from the seller on December 27,2025 terms FOB destination, but not due to be received until January 2, 2026 - $87000 in goods sold by Metlock with terms FOB destination on December 27, 2025. The goods are not expected to reach their destination until January 6.2026 - $5000 of soods received on consignment from Debra Company What is Metlock's correct ending inventory balance at December 31, 2025? $524000 $639000 $529000 $437000 Step by Step Solution
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