Widget Inc. took a physical inventory count on December 31, Year 3. The count revealed an inventory amount of $435,875 before an of the following items were recorded. Inventory in the amount of \$55,000 was purchased on December 27, Year 3. As of December 31, Year 3, this inventory was in transit, FOB shipping point. Inventory purchased by a customer on December 28, Year 3, was in transit as of December 31, Year 3, FOB shipping point. The inventory had a cost to Widget of $35,000. Inventory in the amount of $27,000 was held on consignment by another company. What is the correct inventory amount reported on Widget inc.'s December 31, Year 3, balance sheet