Multiple Choice Question 60

At December 31, 2017 Tamarisk, Inc.'s inventory records indicated a balance of $654000. Upon further investigation it was determined that this amount included the following: $121000 in inventory purchases made by Tamarisk shipped from the seller 12/27/17 terms FOB destination, but not due to be received until January 2nd $70000 in goods sold by Tamarisk with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th $4400 of goods received on consignment from Pronghorn Company What is Tamarisk correct ending inventory balance at December 31, 2017?

$649600

$458600

$528600

$533000