ABC Co. provided you the following information for the purpose of

determining the amount of its inventory as of December 31, 20x1:

Goods located at the warehouse (physical count) 3,400,000

Goods located at the sales department (at cost) 15,800,000

Goods in-transit purchased FOB Destination 2,400,000

Goods in-transit purchased FOB Shipping Point 1,600,000

Freight incurred under "freight prepaid" for the goods

purchased under FOB Shipping Point 80,000

Goods held on consignment from XYZ, Inc. 1,800,000

How much is the total inventory on December 31, 20x1?