Answer is D. please explain why

17) The Mateo Corporation's inventory at December 31,2021 , was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following: - Merchandise costing $30,000, shipped f.o.b. shipping point from a vendor on December 30,2021 , was received on January 5, 2022. - Merchandise costing $22,000, shipped f.o.b. destination from a vendor on December 28, 2021, was received on January 3,2022. - Merchandise costing $38,000 was shipped to a customer f.o.b. destination on December 28 , arrived at the customer's location on January 6,2022. - Merchandise costing $12,000 was being held on consignment by Traynor Company. What amount should Mateo Corporation report as inventory in its December 31,2021 , balance sheet? a. $325,000. b. $367,000. c. $427,000. d. $405,000