Question
Multiple choice At December 31, 2022, Wildhorse Co. inventory records indicated a balance of $865000. Upon further investigation it was determined that this amount included
Multiple choice
At December 31, 2022, Wildhorse Co. inventory records indicated a balance of $865000. Upon further investigation it was determined that this amount included the following: $184000 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 $104000 in goods sold by Wildhorse with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $10700 of goods received on consignment from Tammy Company What is Wildhorse's correct ending inventory balance at December 31, 2022?
| $854300 |
| $670300 |
| $681000 |
| $566300 |
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