In your audit of Charles Wilson Company, you find that a physical inventory on December 31, 2020, showed merchandise with a cost of $422,220 was on hand at that date. You also discover the following items were all excluded from the $422,220. 1. 2. N 3. Merchandise of $56,330 which is held by Wilson on consignment. The consignor is the Max Suzuki Company. Merchandise costing $40,510 which was shipped by Wilson f.o.b.destination to a customer on December 31, 2020. The customer was expected to receive the merchandise on January 6, 2021. Merchandise costing $47,790 which was shipped by Wilson f.o.b. shipping point to a customer on December 29, 2020. The customer was scheduled to receive the merchandise on January 2, 2021. Merchandise costing $88,540 shipped by a vendor f.o.b.destination on December 30, 2020, and received by Wilson on January 4, 2021 Merchandise costing $50,150 shipped by a vendor fo.b. shipping point on December 31, 2020, and received by Wilson on January 5, 2021 . 4. 5. Based on the above information, calculate the amount that should appear on Wilson's balance sheet at December 31, 2020, for inventory Inventory as on December 31, 2020 $