Henry Company,

physical inventory on December 31, 2017, merchandise with a cost of $439,670was on hand at that date. following items were all excluded from the $439,670.

1. Merchandise of $65,330which is held by Henry on consignment.

2. Merchandise costing $39,870 was shipped by Henry f.o.b. destination to a customer on December 31, 2017. The customer was expected to receive the merchandise on January 6, 2018.

3 Merchandise costing $46,390which was shipped by Henry f.o.b. shipping point to a customer on December 29, 2017. The customer scheduled to receive the merchandise on January 2, 2018.

4.Merchandise costing $77,210shipped by a vendor f.o.b. destination on December 30, 2017, and received by Henry on January 4, 2018.

5.Merchandise costing $49,210shipped by a vendor f.o.b. shipping point on December 31, 2017, and received by Henry on January 5, 2018.

Based on the above information,

calculate the amount that should appear on Henry's balance sheet at December 31, 2017, for inventory.