Check my work The Kwok Company's inventory balance on December 31, 2018, was considering the following transactions $255,000 (based on a 12/31/18 physical count) before 1 Goods shipped to Kwok f.o.b. destination on December 20, 2018, were received on January 4, 2019. The involice cost was $48,000 2 Goods shipped to Kwok f.o.b. shipping point on December 28, 2018, were received on January 5, 2019. The invoice cost was $35,000 3. Goods shipped from Kwok to a customer fo.b. destination on December 27, 2018, were received by the customer on January 3, 2019. The sales price was $58,000 and the merchandise cost $40,000. 4. Goods shipped from Kwok to a customer f.o.b. destination on December 26, 2018, were received by the customer on December 30, 2018. The sales price was $38,000 and the merchandise cost $31,000. 5. Goods shipped from Kwok to a customer f.o.b. shipping point on December 28, 2018, were received by the customer on January 4, 2019. The sales price was $43,000 and the merchandise cost $30,000. ook Hint erences Required: Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet. Correct inventory balance