LA Co. sells coats and boots. At the end of the period, LAs preliminary inventory amount is $42,800. LAs inventory includes $14,500 of coats and $9,400 of boots onsite. It also has goods in transit including $5,200 of coats sold and shipped FOB shipping point to one customer, $4,100 of boots sold and shipped FOB destination to another customer, and $9,600 of boots purchased and shipped FOB shipping point from a supplier. Is LAs preliminary inventory amount correct? Why?