The December 31, 2024, inventory of Tog Company, based on a physical count, was determined to be $464,000. Included in that count was a shipment of goods received from a supplier at the end of the month that cost $64,000. The purchase was recorded and paid for in 2025. Another supplier shipment costing $27,000 was correctly recorded as a purchase in 2024. However, the merchandise, shipped FOB shipping point, was not received until 2025 and was incorrectly omitted from the physical count. A third purchase, shipped from a supplier FOB shipping point on December 28, 2024, did not arrive until January 3, 2025. The merchandise, which cost $94,000, was not included in the physical count and the purchase has not