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LACK Question 12 At December 31, 2022, Wildhorse Co. Inventory records indicated a balance of $632000. Upon further investigation it was determined that this amount
LACK Question 12 At December 31, 2022, Wildhorse Co. Inventory records indicated a balance of $632000. Upon further investigation it was determined that this amount included the following: . $123000 in Inventory purchases made by Wildhorse shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $80000 in goods sold by Wildhorse with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $7000 of goods received on consignment from Tammy Company What is Wildhorse's correct ending Inventory balance at December 31, 2022? $625000 O $422000 O $509000 $502000
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