A physical inventory count showed ABC Company had inventory
costing $428,000 on hand at December 31, 2025. This amount
did not include the following:

1. Inventory costing $39,000 that was shipped to a
customer FOB shipping point on December 30, 2025.
The inventory was expected to be received by the
customer on January 3, 2026.

2. Inventory costing $17,000 that was shipped to a
customer FOB destination point on December 29, 2025.
The inventory was expected to be received by the
customer on January 6, 2026.

3. Inventory costing $26,000 that ABC Company had
purchased from one of its suppliers. The goods
were shipped to ABC Company on December 31, 2025.
ABC Company expects to receive the inventory on
January 4, 2026. The shipping terms were FOB
shipping point.

Calculate the correct dollar amount of ending inventory
to be reported on ABC Company’s December 31, 2025 balance
sheet.