Umatilla Bank and Trust is considering giving Crane Company a loan. Before doing so, it decides that further discussions with Crane's accountant may be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $302,140.

Discussions with the accountant reveal the following.

1. Crane shipped goods costing $57,920 to Bramble Company FOB shipping point on December 28. The goods are not expected to reach Bramble until January 12. The goods were not included in the physical inventory because they were not in the warehouse.

2. The physical count of the inventory did not include goods costing $104,150 that were shipped to Crane FOB destination on

December 27 and were still in transit at year-end.

3. Crane received goods costing $26,820 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice

Co. The goods were not included in the physical count.

4. Crane shipped goods costing $48,100 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Crane's physical inventory.

5. Crane received goods costing $39,130 on January 2 that were shipped to the FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $302,140.

Determine the correct inventory amount on December 31.