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Target's year end 12/31/2020 inventory records indicated a balance of $678.000. Additional information indicates that this amount also included the following inventory items Purchases: (Target
Target's year end 12/31/2020 inventory records indicated a balance of $678.000. Additional information indicates that this amount also included the following inventory items Purchases: (Target purchased from wholesalers Date shipped by seller 12/27/20 12/22/20 Date arrived 1/2/21 1/3/21 Sales: (Target sold to retail stores) Date shipped by Target 12/27/201 12/26/20 Amount Shipping Term $210,000 FOB shipping point $120,000 FOB destination Date arrived Amount Shipping Term 1/5/21 $321.000 FOB destination 1/4/211 $200,000 FOB shipping point Consigned inventory Date shipped by consignees 12/27/20 Date arrived 12/31/20 Amount Shipping Term $19.000 FOB destination What is Target's adjusted ending inventory balance at December 31, 2020
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