4) Central African Republic Inc. took a physical inventory at the end of the year and determined that $620,000 of goods were on hand. In addition, Central African Republic, Inc. determined that $42,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $54,000 of goods out on consignment with another company. What amount should Central African Republic report as inventory at the end of the year?