The KSS Companys preliminary inventory balance on December $31,2016,$ was $$250,000$ before considering the following transactions:$1.$ Goods shipped to KSS f$.$o$.$b$.$ destination on December $20,2016,$ were received on January $4,2017.$ The invoice cost was $$13,000\mathrm{.}2.$ Goods shipped to KSS f$.$o$.$b$.$ shipping point on December $28,2016,$ were received on January $5,2017.$ The invoice cost was $$25,000\mathrm{.}3.$ Goods shipped from KSS to a customer f$.$o$.$b$.$ destination on December $27,2016,$ were received by the customer on January $3,2017.$ The sales price was $$80,000$ and the merchandise cost $$44,000\mathrm{.}4.$ Goods shipped from KSS to a customer f$.$o$.$b$.$ destination on December $26,2016,$ were received by the customer on December $30,2016.$ The sales price was $$7,000$ and the merchandise cost $$5,000\mathrm{.}5.$ Goods shipped from KSS to a customer f$.$o$.$b$.$ shipping point on December $28,2016,$ were received by the customer on January $4,2017.$ The sales price was $$35,000$ and the merchandise cost $$22,000.$Also, you have been asked to review following transactions to determine if they have been correctly recorded: $6.$ Goods shipped to KSS f$.$o$.$b$.$ destination on December $26,2016,$ were received on January $2,2017.$ The invoice cost of $$28,000$ is included in the preliminary inventory balance$\mathrm{.}7.$ At year$-$end, KSS held $$13,000$ of merchandise on consignment from the KazTransCom Company. This merchandise is included in the preliminary inventory balance$\mathrm{.}8.$ On December $29,$ merchandise costing $$6,000$ was shipped to a customer f$.$o$.$b$.$ shipping point and arrived at the customers location on January $3,2017.$ The merchandise is not included in the preliminary inventory balance$\mathrm{.}9.$ At year$-$end, KSS had merchandise costing $$17,000$ on consignment with the Huawei Corporation. The merchandise is not included in the preliminary inventory balance.

Instructions:

$1)$ For each transaction determine if it should be included at year$-$end KSS inventory balance. Use only Yes or No for your response.

$2)$ Determine the correct inventory amount to be reported in KSSs $2016$ balance sheet and provide calculation.