5) Central African Republic Inc. took a physical inventory at the end of the year and determined that $465,000 of goods were on hand. In addition, the following items were not included in the physical count. Central African Republic, Inc. determined that $38,000 of goods purchased were in transit that were shipped f.o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $35,000 worth of inventory f.o.b. destination. The company was also holding $24,000 of inventory of another company on consignment. What amount should Central African Republic report as inventory at the end of the year?