On December $31,20$X$1,$ Shroff Inc. conducted a physical count of inventory on its premises. The inventory was valued at $$714,555.$ The following information is also available relating to inventory:

i$.$ On December $31,20$X$1,$ Shroff had possession of $$17,525$ in inventory on consignment from a supplier, Datatech Inc.

ii$.$ On January $2,20$X$2,$ Shroff received inventory from a supplier with the terms FOB Shipping Point. The inventory has a cost of $$6,540$ and was shipped on December $29,201.$

iii. Shroff shipped inventory to a customer on December $30,201.$ The inventory had a cost of $$12,520$ and was received by the customer on January $5,20$X$2.$ The goods were shipped FOB Shipping Point.

iv$.$ Eisley Equipment is holding inventory on consignment from Shroff. That inventory has a cost of $$18,400.$

Determine the correct amount at which Shroff should report its inventory as of December $31,20$X$1.$