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Swifty Company's inventory of $ 1 . 1 million at December 3 1 , 2 0 2 3 , was based on a physical count

Swifty Company's inventory of $1.1 million at December 31,2023, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items: a. Goods shipped f.o.b. shipping point on December 24,2023, from a vendor at an invoice cost of $78,000 to Swifty, received on January 4,2024. b. Goods worth $37,000 and included in the physical count, billed to Makee Corp., f.o.b. shipping point, on December 31,2023. The carrier picked up these goods on January 3,2024. C. Goods shipped f.o.b. destination received by Swifty on January 5,2024. The invoiced amount was $88,000. d. Goods shipped f.o.b. destination and received by Swifty on December 25,2023, that are on consignment. The value of the goods is $80,000 and they have not been included in the physical inventory count. What should Swifty report as its inventory amount on its 2023 SFP?
Inventory $

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