Question $8$ of $12$

Blossom Company is concerned about the accuracy of its year$-$end inventory balance. Inventory shows a year$-$end balance of $$327,100.$ Discussions with the company accountant reveal the following.

Blossom received goods costing $$49,800$ on January $2$ that were shipped FOB destination on December $29.$ The shipment was a rush order that was supposed to arrive on December $31.$ This purchase was included in the ending inventory of $$327,100.$

Blossom sold goods costing $$41,900$ to Cusa Company, FOB shipping point, on December $28$ for $$65,800.$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 $$91,800$ that were shipped FOB destination to Blossom on December $27$ and were still in transit at year$-$end.

Blossom received goods costing $$29,400$ 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.

Blossom sold goods costing $$39,300$ to Limerick Co$.$ for $$56,500.$ The goods were shipped FOB destination on December $30.$ The goods were received by Limerick on January $8$ and were not included in Blossom's physical inventory.

$($a$)$

Determine Blossom's correct inventory amount on December $31.$

Correct inventory on December $31$