AMB Company took a physical inventory count on December 31 year 1 and determined that the items on hand have a total inventory cost of $500,000 at Dec. 31 year 1. In reviewing the details of the physical inventory count and related transactions, you discover the following items had not been considered. (1) AMB did not include in the count inventory (cost $40,000) that was purchased on Dec. 29, year 1 with the terms FOB destination. The goods arrived at AMB's business on Jan. 4th year 2. (2) AMB sent $25,000 of inventory to Green Man Inc. on consignment. Green Man is selling the goods for AMB on consignment. All this inventory was in Green Man's store at Dec. 31 year 1. (3) AMB was holding $30,000 of goods on consignment from Cottonwood as of Dec. 31 year 1 and these items were included in AMB's inventory count at Dec. 31 year 1. (4) AMB sold $60,000 of goods to Goose Island Co. FOB destination. The goods were shipped December 28, year 1 and arrived at Goose Island's Chicago store on Jan 3rd year 2. Compute AMB's correct December 31, year 1 inventory. Select one: O a. $445,000 O b. $555,000 O c. $450,000 O d. $525,000