View Policies Current Attempt in Progress At December 31, 2022. Sheridan Company inventory records indicated a balance of $629000. Upon further investigation it was determined that this amount included the following: - $122000 in Inventory purchases made by Sheridan shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $75000 in goods sold by Sheridan with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $5400 of goods received on consignment from Linda Company What is Sheridan's correct ending inventory balance at December 31, 2022? O $623600 $501600 0 $426600 O $507000 e Textbook and Media Save for Later Attempts: 0 of 5 used Submit