Pharoah Company is concerned about the accuracy of its year$-$end inventory balance. Inventory shows a year$-$end balance of $$327,700.$ Discussions with the company accountant reveal the following.

Pharoah received goods costing $$50,700$ on January $2$ that were shipped FOB destination on December $29.$ The shipment was a rush order that was supposed to arrive on December $31.$ This purchase was included in the ending inventory of $$327,700.$

Pharoah sold goods costing $$42,700$ to Cusa Company, FOB shipping point, on December $28$ for $$66,700.$ The goods are not expected to arrive at Cusa until January $12.$ The goods were not included in the physical inventory because they were not in the warehouse.

The physical count of the inventory did not include goods costing $$90,700$ that were shipped FOB destination to Pharoah on December $27$ and were still in transit at year$-$end.

Pharoah received goods costing $$28,700$ on January $2.$ The goods were shipped FOB shipping point on December $26$ by Noble Co$.$ The goods were not included in the physical count.

Pharoah sold goods costing $$39,700$ to Limerick Co$.$ for $$56,700.$ The goods were shipped FOB destination on December $30.$ The goods were received by Limerick on January $8$ and were not included in Pharoah's physical inventory.