Question 6 Sheffield Company was undergoing an end of year audit of its financial records. The auditors were in the process of reviewing Sheffield's inventory for year-end, December 31, 2022. They completed an end of year inventory. The value of the ending inventory prior to any adjustments was $187,000, but before finishing up they had a few questions. Discussion with Sheffield's accountant revealed the following: (a) Sheffield sold goods costing $55,300 to Karen Company FOB shipping point on December 28. The goods are not expected to reach Karen until January 12. The goods were not included in the physical inventory because they were not in the warehouse. (b) The physical count of the inventory did not include goods costing $94,100 that were shipped to Sheffield FOB destination on December 27 and were still in transit at year-end. (c) Sheffield received goods costing $24,100 on January 2. The goods were shipped FOB shipping point on December 26 by Blue Spruce Company. The goods were not included in the physical count. (d) Sheffield sold goods costing $39,000 to Sheridan Company FOB destination on December 30. The goods were received by Sheridan Company on January 8. Because the goods had been shipped, they were excluded from the physical inventory count. (e) Sheffield received goods costing $43,100 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to have arrived on December 31. This purchase was included i the ending inventory of $185,500. (f) Sheffield Company, as the consignee, had goods on consignment that cost $3,200. Because these goods were on hand as of December 31, they were included in the physical inventory count. Analyze the above information and calculate a corrected amount for the ending inventory. Corrected inventory