Kimmel, Accounting, 7e PRIN. OF ACCT I&II (ACCT 21 06:08 PM / Remaining: 91 min. CALCULATOR BACK Question 4 At December 31, 2022, Kingbird, Inc. inventory records indicated a balance of $625000. Upon further investigation it was determined that this amount included the following: - $120000 in inventory purchases made by Kingbird shipped from the seller 12/27/22 terms Foe destination, but not due to be received until January 2nd $86000 in goods sold by Kingbird with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $5200 of goods received on consignment from Lisa Company What is Kingbird's correct ending inventory balance at December 31, 20227 AN