Courme Attifur in Preipris Courme Attifur in Preipris Tri-State Bank and Trust is considering giving Concord Company a loan. Before doing so, maragement decides that further discussions with Concord's accountant nyy be desirable, One area of particular concern is the irventory account, which has a year-end balance of $345.000. Discussions with the accountant reveal the following. 1. Concord sold goods costing $32,000 to Lilja Company, FOB shipping point, on December 28 , The goods are not expected to arrive at Lilja until January 12 . The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $95,000 that were shipped to Concord FOB destination on December 27 and were still in transit at year-end. 3. Concord received goods costing $23,000 on January 2. The goods were shipped FOB shipping point on December 26 by Brent Co.The Theods were not included in the physical count. 4. Concord sold goods costing $34,000 to Jesse Co, FOB destination, on December 30 . The goods were received at Jesse on January 8. They were not included in Concord's physical inventory. 5. Concord received goods costing $40,000 on January 2 that were shipped FOB destination on December 29 . The shipment was a rush order that was supposed to arrive December 31 . This purchase was included in the ending inventory of 5345,000 . Determine the correct inventory amount on December 31. Correct inventory