Discussions with the accountant reveal the following 1. Larkspur shipped goods costing $42,900 to Hemlock Company FOB shipping point on December 28 . The goods are not expected to reach Hemlock until January 12 . The goods werenot included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $98,000 that were shipped to Larkspur FOB destination on December 27 and were still in transit at year-end. 3. Larkspur received goods costing $25,300 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not induded in the physical cotint. 4. Larkspur shipped goods costing $44,300 to Ehler of CanadaFOB destination on December 30. The goods were received in Ginada on January 8 , They were not intluded in Lackspui's physicalimentory. 5. Larkspur roceived goods costin8 540,400 on January 2 that wereshipped FOB destinationi on December 29. The shipment. was a rushorder that was supposed to arrive December 31. This purchase wis included in the ending inventory of $302,500 Determine the correct imventory ampunt on December 31