In your audit of Jose Oliva Company, you find that a physical inventory on December 31, 2014, showed merchandise with a cost of $443,400was on hand at that date. You also discover the following items were all excluded from the $443,400.

1.	Merchandise of $63,130which is held by Oliva on consignment. The consignor is the Max Suzuki Company.
2.	Merchandise costing $35,450which was shipped by Oliva f.o.b. destination to a customer on December 31, 2014. The customer was expected to receive the merchandise on January 6, 2015.
3.	Merchandise costing $47,090which was shipped by Oliva f.o.b. shipping point to a customer on December 29, 2014. The customer was scheduled to receive the merchandise on January 2, 2015.
4.	Merchandise costing $83,190shipped by a vendor f.o.b. destination on December 30, 2014, and received by Oliva on January 4, 2015.
5.	Merchandise costing $51,380shipped by a vendor f.o.b. shipping point on December 31, 2014, and received by Oliva on January 5, 2015.

Based on the above information, calculate the amount that should appear on Olivas balance sheet at December 31, 2014, for inventory.