Current Attempt in Progress In your audit of Robert Williams Company, you find that a physical inventory on December 31, 2025, showed merchandise with a cost, of $464,070 was on hand at that date. You also discover the following items were all excluded from the $464,070. 1. 2. 3. 4. 5. Merchandise of $64,310 which is held by Williams on consignment. The consignor is the Max Suzuki Company. Merchandise costing $37,350 which was shipped by Williams f.o.b. destination to a customer on December 31, 2025. The customer was expected to receive the merchandise on January 6, 2026. Merchandise costing $48,300 which was shipped by Williams f.o.b. shipping point to a customer on December 29, 2025. The customer was scheduled to receive the merchandise on January 2, 2026. Merchandise costing $82,650 shipped by a vendor f.o.b. destination on December 30, 2025, and received by Williams on January 4, 2026. Merchandise costing $51,590 shipped by a vendor f.o.b. shipping point on December 31, 2025, and received by Williams on January 5, 2026. Based on the above information, calculate the amount that should appear on Williams's balance sheet at December 31, 2025, for inventory. Inventory as on December 31, 2025 $

In your audit of Robert Williams Company, you find that a physical inventory on December 31, 2025, showed merchandise with a cost of $464,070 was on hand at that date. You also discover the following items were all excluded from the $464,070. 1. Merchandise of $64,310 which is held by Williams on consignment. The consignor is the Max Suzuki Company. 2. Merchandise costing $37,350 which was shipped by Williams fo b destination to a customer on December 31, 2025. The customer was expected to recelve the merchandise on January 6, 2026. 3. Merchandise costing $48,300 which was shipped by williams fo.b. shipping point to a customer on December 29,2025 , The customer was scheduled to receive the merchandise on January 2, 2026. 4. Merchandise costing $82,650 shipped by a vendor fo b. destination on December 30,2025 , and received by Williams on January 4,2026. 5. Merchandise costing $51,590 shipped by a vendor fo.b. shipping point on December 31,2025 , and received by Williams on January 5,2026 . Based on the above information, calculate the amount that should appear on Wiliams's balance sheet at December 31, 2025, for inventory. Inventory as on December 31, 2025