On December 31, Hall Company had an ending inventory of $81,300 based primarily on a physical count at its warehouse. In computing the final balance of
, the following information was available:(a) Inventory items with a cost of $2,380 were included in ending inventory. These goods were on
from Barnes Company and had not yet been sold on December 31.
(b) Inventory items with a cost of $3,390 were included in ending inventory. These goods were in transit from Ward Company to Hall Company and were purchased
FOB shipping point
(c) Inventory items with a cost of $2,180 were excluded from ending inventory. These goods were in transit from Hall Company to Gray Company and were sold
Using the information given above, compute the correct final balance of Inventory.