Measurement of Ending Inventory

The unadjusted inventory balance of Conway Corp. is $$800,000$ on December $31,$ based on a physical inventory count. Several items must be considered before the inventory valuation is finalized.

On December $31,$ the physical inventory excluded $$10,000$ of merchandise inventory shipped f$.$o$.$b$.$ destination to Conway Corp. from a vendor. The inventory arrived on January $5$ of the following year.

On December $31,$ the physical inventory included $$1,500$ of merchandise held on consignment. The consignor is PackagingPlus Inc

On December $31,$ the physical inventory excluded $$25,000$ of merchandise inventory held on consignment by a customer Conway Corp. is the consignor. merchandise had not been recelved,

Merchandise with a cost of $$30,000$ is held in the recelving department for return, but Conway still controls this inventory The merchandise was excluded from the physical inventory count

Required

Calculate the adiusted inventory balance on December $31$