QUESTION 27 At December 31, 2014 Cooper Company's inventory records indicated a balance of $500,000. Upon further investigation it was determined that this amount included the following: o $80,000 in goods sold by Cooper with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th. o $208,000 in inventory purchases made by Cooper shipped from the seller 12/27/14 terms FOB destination, but not due to be received until January 2nd $54,000 of goods held on consignment for Dollywood Company What is Cooper's correct ending inventory balance at December 31, 2014? $238,000 $366,000 $158,000 $446,000