Cullumber Company took a physical inventory on December $31$ and determined that goods costing $$168,000$ were on hand. Not

included in the physical count were $$21,000$ of goods purchased from Pelzer Corporation, FOB, shipping point, and $$18,480$ of goods

sold to Alvarez Company for $$25,200,$ FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year$-$end.

What amount should Cullumber report as its December $31$ inventory?

Ending inventory $

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