Tamarisk, Inc.s inventory of $847,000 at December 31, 2017, was based on a physical count of goods priced at cost. The total does not include any adjustments for the following items.

(a) Goods shipped from a vendor f.o.b. destination on December 24, 2017, at an invoice cost of $12,000 to Tamarisk were received on January 4, 2018. These goods were excluded from the physical count.

(b) The physical count excluded goods held by a retailer (Deals Corp.) on consignment for Tamarisk, Inc. The cost of these goods to Tamarisk was $37,000. Tamarisk did not record a sale when it shipped the goods to Deals.

(c) The inventory included $47,400 of goods that were in Tamarisks warehouse on the morning of December 31, 2017 but were shipped to a customer f.o.b. shipping point later that day, after they had been included in the physical inventory count.

What inventory amount should appear on Tamarisks December 31, 2017 balance sheet?