Question 1 FLAG QUESTION Q1 (Graded) At December 31, 2017 TAT Company's inventory records indicated a balance of $870,000. Upon further investigation It was found that this amount included the following: (a) S160,000 of goods that were purchased by TAT and shipped from the seller but still in transit (terms: FOB destination). (b) $150,000 of goods that were sold by TAT but still in transit (terms: FOB destination) From the above, what is TAT's correct balance of the ending inventory at December 31, 2017? (Please write the final numbers only WITHOUT any comma like, or any symbol as $) The answer is: Answers 1 - 1 1