Question 1:On December 31 of the current year, Esletat Yrnai Company reported an ending inventory balance of $215,000. The following additional information is also available:

• Esletat Yrnaisold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB destination. The goods arrived to Savannah Enterprises on January 8 and werenotincluded in the ending inventory amount of $215,000 by Esletat YrnaiCompany.
• Esletat Yrnaipurchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Esletat Yrnaion January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.
• Esletat Yrnai'sending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Esletat YrnaiCompany is the consignee.)
• Esletat Yrnai'sending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Esletat Yrnaion December 27 with shipping terms of FOB destination and were still in transit at year-end.

Based on the above information, what is the corrected(adjusted) amount that Esletat Yrnaishould report in ending inventory on December 31? Explain