In an annual audit of Riverbed Company Limited, you find that a physical inventory count on December 31, 2023, showed merchandise of $443,000. You also discover that the following items were excluded from the $443,000: 1. Merchandise of $61,600 is held by Riverbed on consignment from BonBon Corporation. 2. Merchandise costing $33,000 was shipped by Riverbed f.o.b. destination to XYZ Ltd. on December 31, 2023. This merchandise was accepted by XYZ on January 6, 2024. 3. 4. 5. 6. 7. Merchandise costing $45,900 was shipped f.o.b. shipping point to ABC Company on December 29, 2023. This merchandise was received by ABC on January 10, 2024. Merchandise costing $72.400 was shipped f.o.b. destination from Wholesaler Inc. to Riverbed on December 30, 2023. Riverbed received the items on January 3, 2024. Merchandise costing $50,500 was shipped by Distributor Ltd. f.o.b. shipping point on December 30, 2023, and received at Riverbed's office on January 2.2024. Riverbed had excess inventory and incurred an additional $1,440 in storage costs due to delayed shipment in transaction (3) above. Riverbed incurred $2,190 for interest expense on inventory it purchased through delayed payment plans in fiscal 2023. (a) Based on the information provided above, calculate the amount of inventory that should appear on Riverbed's December 31, 2023 SFP Amount of inventory