At December 31 2022 Howell Company's Inventory Records Indicated a Balance

Multiple Choice

At December 31 2022 Howell Company's inventory records indicated a balance of $878000.Upon further investigation it was determined that this amount included the following:
• $168,000 in inventory purchases made by Howell shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2
• $111,000 in goods sold by Howell with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6.
• $9,000 of goods received on consignment from Westwood Company


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

A) $710000
B) $869000
C) $590000
D) $701000