they have been insured against

Question 15 At December 31, 2022, Sunland Company inventory records indicated a balance of $634000. Upon further investigation it was determined that this amount included the following: - $125000 in inventory purchases made by Sunland shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $63000 in goods sold by Sunland with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. - $5800 of goods received on consignment from Cynthia Company What is Sunland's correct ending inventory balance at December 31, 2022? $509000 $503200 $440200 $628200 Question 16 Skysong, Inc. Just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 132 units 176 units 176 units 132 units $792 1232 1408 1188 54620 A physical count of merchandise inventory on June 30 reveals that there are 176 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1584 $1100 $1056