The Kwik Companys inventory balance on December 31, 2024, was $235,000 (based on a 12/31/2024 physical count) before considering the following transactions:

Goods shipped to Kwik f.o.b. destination on December 20, 2024, were received on January 4, 2025. The invoice cost was $44,000.

Goods shipped to Kwik f.o.b. shipping point on December 28, 2024, were received on January 5, 2025. The invoice cost was $31,000.

Goods shipped from Kwik to a customer f.o.b. destination on December 27, 2024, were received by the customer on January 3, 2025. The sales price was $54,000 and the inventory cost $36,000.

Goods shipped from Kwik to a customer f.o.b. destination on December 26, 2024, were received by the customer on December 30, 2024. The sales price was $34,000 and the inventory cost $27,000.

Goods shipped from Kwik to a customer f.o.b. shipping point on December 28, 2024, were received by the customer on January 4, 2025. The sales price was $39,000 and the inventory cost $26,000.

Required: Determine the correct inventory amount to be reported in Kwiks 2024 balance sheet.