Crane Company took a physical inventory on December 31 and determined that goods costing $642,000 were on hand. Not included in the physical count were $9,000 of goods purchased from Sheridan Corporation, f.o.b. shipping point, and $23,000 of goods sold to Ro-Ro Company for $35,000, f.o.b. destination. Both the Sheridan purchase and the Ro-Ro sale were in transit at year-end. What amount should Crane report as its December 31 inventory? December 31 Inventory $