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Business, 02.11.2019 05:31 adrianawalker16

At december 31, 2017 pharoah company's 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 pharoah shipped from the seller 12/27/17 terms fob destination, but not due to be received until january 2nd▪ $8 in goods sold by pharoah with terms fob destination on december 27th. the goods are not expected to reach their destination until january 6th▪ $7000 of goods received on consignment from concord companywhat is pharoah correct ending inventory balance at december 31, 2017?

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