The Weselton Company has undertaken a physical count of inventory on hand on December 31, 2018. The cost of the inventory on hand is $445,993. The company also has the following information. Weselton Company received goods costing $32,000 on January 2, 2019. The goods were shipped f.o.b. shipping point and left the seller's business on December 30, 2018. Weselton Company sold goods costing $30,000 on December 31, 2018. The goods were picked up by the common carrier on December 31 and shipped f.o.b. shipping point. The goods were not included in Weselton's physical count at December 31, 2018. The goods arrived on January 4, 2019. The retail price of the goods was $60,000. Weselton Company was the consignee for some goods from Arendelle. The goods cost Arendelle $100,000 and had a retail price of $300,000. These goods were included in Weselton's physical count on December 31, 2018 at the retail price. Determine the correct amount of inventory for Weselton Company at December 31, 2018