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What is Whisperings correct ending inventory balance

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Question - At December 31, 2022, Whispering Winds Corp. inventory records indicated a balance of $874000. Upon further investigation it was determined that this amount included the following:

$170000 in inventory purchases made by Whispering shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd

$107000 in goods sold by Whispering with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6.

$9300 of goods received on consignment from Sandra Company

What is Whispering's correct ending inventory balance at December 31, 2022?

$704000

$587700

$864700

$694700

Reference no: EM132497469

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