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?

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.