Carla Vista Company took a physical inventory on December 31 and determined that goods costing $192,000 were on hand. Not included in the physical count were $24,000 of goods purchased from Pelzer Corporation, FOB, shipping point, and $21,120 of goods sold to Alvarez Company for $28,800, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 inventory?

Carla Vista Company took a physical inventory on December 31 and determined that goods costing $192.000 were on hand. Not included in the physical count were $24,000 of goods purchased from Pelzer Corporation, FOB, shipping point, and $21,120 of goods sold to Alvarez Company for $28,800, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 inventory? Carla Vista Company took a physical inventory on December 31 and determined that goods costing $192,000 were on hand. Not included in the physical count were $24,000 of goods purchased from Pelzer Corporation, FOB, shipping point, and $21.120 of goods sold to Alvarez Company for $28,800, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Carla Vista report as its December 31 imventory? Ending inventory