The December $31,2024,$ year$-$end inventory balance of the Almond Corporation is $$226,000.$ You have been asked to review the

following transactions to determine if they have been correctly recorded.

Goods shipped to Almond f$.$o$.$b$.$ destination on December $26,2024,$ were received on January $2,2025.$ The invoice cost of

$$38,000$ is included in the preliminary inventory balance.

At year$-$end, Almond held $$22,000$ of inventory on consignment from the Hardgrove Company. This inventory is included in the

preliminary inventory balance.

On December $29,$ inventory costing $$6,800$ was shipped to a customer f$.$o$.$b$.$ shipping point and arrived at the customer's

location on January $3,2025.$ The inventory is not included in the preliminary inventory balance.

At year$-$end, Almond had inventory costing $$23,000$ on consignment with the Juniper Corporation. The inventory is not included

in the preliminary inventory balance.

Required:

Determine the correct inventory amount to be reported in Almond's $2024$ balance sheet.

Answer is complete but not entirely correct.

Correct inventory balance

$$,181,000$