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At December 31, 2022, Kingbird, Inc. inventory records indicated a balance of $873000. Upon further investigation it was determined that this amount included the following:

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At December 31, 2022, Kingbird, Inc. inventory records indicated a balance of $873000. Upon further investigation it was determined that this amount included the following: - $175000 in inventory purchases made by Kingbird shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd - \$109000 in goods sold by Kingbird with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6 - $7500 of goods received on consignment from Lisa Company What is Kingbird's correct ending inventory balance at December 31, 2022? $698000$581500$690500$865500

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