The following information is available for Julia Corporation at December 31: Total inventory originally calculated by Julia Corp $870.000. Merchandise purchased by Julia Corp. $160,000 in transit at end of year and shipped FOB Destination (included in the $870,000 amount) Merchandise sold by Julia Corp: cost of goods sold $110,000; in transit at end of year and shipped FOB Destination (included in the $870,000 amount) Use the information above and calculate the correct inventory amount for Julia Corp. 16:34