7. A physical count of Hagrid Company's inventory at year-end determined that inventory on hand had a value of $1,500,000. Upon further investigation, it was determined that this amount included the following: a) An inventory purchase of $45,000 made by Hagrid, shipped from Ollivander Company, on December 28 with terms FOB destination, but not due to be received until January 3. b) Goods shipped to a customer with a cost of $60,000 with terms FOB destination on December 29, but not expected to reach their destination until January 3. c) Goods shipped to a customer with a cost of $55,000 with terms FOB shipping point on December 30, but not expected to reach their destination until January 5. d) Goods held on consignment from Weasley Company with a cost $10,000. Compute the dollar amount that should be reported for inventory on Hagrid Company's balance sheet at December 31, 2022. 5 points.