Multiple Choice Question 60 At December 31, 2017 Oriole Company's inventory records indicated a balance of $641000. Upon further investigation it was determined that this amount included the following: $107000 in inventory purchases made by Oriole shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $75000 in goods sold by Oriole with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th $6200 of goods received on consignment from Swifty Company What is Oriole correct ending inventory balance at December 31, 2017? $634800 $534000 $452800 $527800