The Counter Company just completed the year-end physical count of its inventory. The total value of inventory was determined to be \($300,000\). The following additional information came to light following the conclusion of the physical count:

1. The company included \($20,000\) of inventory that was shipped F.O.B. destination.

2.The company included \($15,000\) of inventory that was shipped F.O.B. shipping point.

3.The company did not include \($25,000\) of inventory that was being sold on consignment by Johnson Sales, a consignment dealer. The inventory is located at Johnson Sales, but it was still owned by The Counter Company at the time of its physical count of inventory.

Discuss how this additional information affects the \($300,000\) value that The Counter Company initially determined to be the value of its ending inventory.