Bramble Company took a physical inventory on December 31 and determined that goods costing $180,000 were on hand. Not included in the physical count were $23,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $19,500 of goods sold to Alvarez Company for $27.500. FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Bramble report as its December 31 inventory?

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Bramble ending Inventory $