$168,000 in inventory purchases made by Howell shipped from the seller 12/27/10 terms FOB destination, but not due to be received until January 2nd
• $111,000 in goods sold by Howell with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th.
• $9,000 of goods received on consignment from Westwood Company. What is Howell's correct ending inventory balance at December 31, 2010?