Assume that a physical count of Adidas AG's inventory at year-end determined that inventory on hand had a value of $1,625,000. Upon further investigation, it was determined that this amount included the following: 1. An inventory purchase of $50,500 made by Adidas shipped from Amazon on December 28 with terms FOB destination, but not due to be received until January 3. 2. Goods shipped to a customer with a cost of $70,800 with terms FOB destination on December 29, but not expected to reach their destination until January 3. 3. Goods shipped to a customer with a cost of $56,000 with terms FOB shipping point on December 30, but not expected to reach their destination until January 5. 4. Goods held on consignment from Lock Laces Company with a cost $15,500. Compute the amount that should be reported for inventory on Adidas AG's balance sheet at December 31. Inventory $ 1,573,200