Open Assignment ES Brief Exercise 8-3 Kingbird Company took a physical inventory on December 31 and determined that goods costing $196,500 were on hand. Not included in the physical count were $25,860 of goods purchased from Pelzer Corporation, f..b. shipping point, and $22,910 of goods sold to Alvarez Company for $31,160, f..b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Kingbird report as its December 31 inventory? December 31 inventory dy Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor