In your audit of Ali Company, you find that a physical inventory on December 31, 2017, showed merchandise with a cost of $200,000 was on hand at that date. You also discover the following items were all excluded from the $200,000.

1.Merchandise of $20,000 which is held by Ali on consignment. The consignor is the Max Suzuki Company.

2. Merchandise costing $25,000 which was shipped by Ali f.o.b. destination to a customer on December31, 2017. The customer was expected to receive the merchandise on January 6, 2018.

3.Merchandise costing $23,000 which was shipped by Ali f.o.b. shipping point to a customer on December 29, 2017. The customer was scheduled to receive the merchandise on January 2, 2018.

4.Merchandise costing $60,000 shipped by a vendor f.o.b. destination on December 30, 2017 and received by Ali on January 4, 2018.

5. Merchandise costing $42,000 shipped by a vendor f.o.b. shipping point on December 31, 2017 and received by Ali on January 5, 2018.

Based on the above information, calculate the amount that should appear on Ali's balance sheet at December 31, 2017, for inventory.