At December 31, 2025, suppose that Crane Company's inventory records indicated a balance of $873000. Upon further investigation it was determined that this amount included the following:
• $180000 in inventory purchases made by Crane shipped from the seller December 31, 2025 terms FOB destination, but not due to be received until January 2, 2026
• $123000 in goods sold by Crane with terms FOB destination on December 27, 2025. The goods are not expected to reach their destination until January 6, 2026
- $7500 of goods received on consignment from Karen Company
What is Crane's correct ending inventory balance at December 31, 2025?
• $685500
• $865500
• $562500
• $693000