The Kwik Companys inventory balance on December 31, 2024, was $180,000 (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 $33,000.

Goods shipped to Kwik f.o.b. shipping point on December 28, 2024, were received on January 5, 2025. The invoice cost was $20,000.

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 $43,000 and the inventory cost $25,000.

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 $23,000 and the inventory cost $16,000.

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 $28,000 and the inventory cost $15,000.

Required:

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