At December 31, 2022, Ayayai Corp. inventory records indicated a balance of $638000. Upon further investigation it was determined that this amount included the following: $112000 in inventory purchases made by Ayayai shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $81000 in goods sold by Ayayai with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $8600 of goods received on consignment from Brenda Company What is Ayayai's correct ending inventory balance at December 31, 2022?

$526000

$629400

$517400

$436400

Concord Corporation accounting records show the following at the year ending on December 31, 2022.

Purchase Discounts	$ 11400
Freight-in	15200
Purchases	722020
Beginning Inventory	45000
Ending Inventory	68600
Purchase Returns and Allowances	11900

Using the periodic system, the cost of goods sold is

$710320.

$707120.

$728320.

$690320.