Current Attempt in Progress Sunland Company took a physical inventory on December 31 and determined that goods costing $188,000 were on hand. Not included in the physical count were $23,500 of goods purchased from Pelzer Corporation, FOB shipping point, and $20,680 of goods sold to Alvarez Company for $28,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sunland report as its December 31 inventory? Ending inventory