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Carla Vista Company took a physical inventory on December 31 and determined that goods costing $666,000 were on hand. Not included in the physical count

Carla Vista Company took a physical inventory on December 31 and determined that goods costing $666,000 were on hand. Not included in the physical count were $8,000 of goods purchased from Wildhorse Corporation, f.o.b. shipping point, and $32,000 of goods sold to Ro-Ro Company for $43,000, f.o.b. destination. Both the Wildhorse purchase and the Ro-Ro sale were in transit at year- end. What amount should Carla Vista report as its December 31 inventory? December 31 Inventory

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