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View Policies Current Attempt in Progress At December 31, 2022, Swifty Corporation inventory records indicated a balance of $620000. Upon further investigation it was determined
View Policies Current Attempt in Progress At December 31, 2022, Swifty Corporation inventory records indicated a balance of $620000. Upon further investigation it was determined that this amount included the following: $110000 in inventory purchases made by Swifty shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $85000 in goods sold by Swifty with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $7000 of goods received on consignment from Susan Company What is Swifty's correct ending inventory balance at December 31, 2022? O $510000 O $503000 O $613000 O $418000
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