How do I determine the correct inventory amount on December 31?

Umatilla Bank and Trust is considering giving Sandhill Co. a loan . Before doing so , it decides that further discussions with Sandhill Co . 's accountant may be desirable . One*area of particular concern is the Inventory account , which has a year-end balance of $ 269 , 380 . Discussions with the accountant reveal the following .1 .Sandhill Co. sold goods costing $55 , 680 to Hemlock Company FOB shipping point on December 28 . The goods are not expected to reach Hemlock until January 12 . Thegoods 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 $100 , 770 that were shipped to Sandhill Co . FOB destination on December 27 and were still in transit atyear-end .3 .Sandhill Co. received goods costing $ 24 , 220 on January 2 . The goods were shipped FOB shipping point on December 26 by Yanice Co . The goods were not included inthe physical count .\4 .Sandhill Co. sold goods costing $53 , 270 to Ehler of Canada FOB destination on December 30 . The goods were received in Canada on January 8 . They were not includedin Sandhill Co. physical inventory .*5 .Sandhill Co . received goods costing $ 40 , 510 on January 2 that were shipped FOB destination on December 29 . The shipment was a rush order that was supposed toarrive December 31 . This purchase was included in the ending inventory of $ 269 , 380 .Determine the correct inventory amount on December 31 .The correct inventory amount on December 31Click if you would like to Show Work for this question : Open Show Work