More 2 One area of particular concern is the Inventory account, which has a year-end balance of $263,510. Discussions with the accountant reveal the folewing. count of the inventory did not include goods costing $97.600 that were shicped to Pharoah Company FOB destination on December 27 and were stil in transit at 3, Pharoah Company received goods costing $27,240 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The gcods were not included in the December 31. This purchase was included in the ending inventory of $263.510 Determine the correct inventory amount on December 31 The correct inventory amount on December 31 s