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 $256.250. Discussions with the accountant reveal the following. 1. Crane shipped goods costing $50,530 to Swifty Company FOB shipping point on December 28 . The goods are not expected to reach Swifty 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 $87.150 that were shipped to Crane FOB destination on December 27 and were still in transit at year-end. 3. Crane received goods costing $26,710 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 $51,800 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 $38,650 on January 2 that were shipped 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 $256,250. Determine the correct imventory amount on December 31