At 31 December 2019 Mohling Company’s inventory records indicated a balance of N$ 632 000. Upon further investigation it was determined that this amount included the following:

·         N$ 112 000 in inventory purchases made by Mohling shipped from the seller 27/12/2019 terms FOB destination, but not due to be received until 2 January, 

·         N$ 74 000 in goods sold by Mohling with terms FOB destination on 27 December. The goods are not expected to reach their destination until 6 January 

·         N$ 6 000 of goods received on consignment from Dollywood Company

What is Mohling’s correct ending inventory balance at 31 December 2019?