In your audit of Nola Treasures Boutique, you find that a physical inventory on December 31,2020 , showed merchandise with a cost of $439,470 was on hand at that date. You also discover the following items were all excluded from the $439,470. Merchandise costing $85,260 shipped by a vendor f.o.b. destination on December 30, 2020, and received by Nola on January 4, 2021. Merchandise costing $50,750 shipped by a vendor f.o.b. shipping point on December 31, 2020, and received by Nola on January 5, 2021. Based on the above information, calculate the amount that should appear on Nola's balance sheet at December 31,2020 , for inventory. a. $439,470 b. $524,730 c. $490,220 d. $575,480 e. $388,720 Clear my choice