Current Attempt in Progress

Swifty Company just took its physical inventory. The count of inventory items on hand at the company's business locations resulted in

a total inventory cost of $$255,000.$ In reviewing the details of the count and related inventory transactions, you have discovered the

following items had not been considered.

Swifty has sent inventory costing $$25,000$ on consignment to Alissa Company. All of this inventory was at Alissa's showrooms

on December $31$

The company did not include in the count inventory $($cost$,$ $$20,000)$ that was sold on December $28,$ terms FOB shipping point.

The goods were in transit on December $31.$

The company did not include in the count inventory $($cost$,$ $$13,000)$ that was purchased with terms of FOB shipping point. The

goods were in transit on December $31.$

Compute the correct December $31$ inventory.