Current Attempt in Progress

Swifty Company took a physical inventory on December $31$ and determined that goods costing $$203,600$ were on hand. Not included in the physical count were $$25,420$ of goods purchased from Pelzer Corporation, f$.$o$.$b$.$ shipping point, and $$22,520$ of goods sold to Alvarez Company for $$32,230,$ f$.$o$.$b$.$ destination. Both the Pelzer purchase and the Alvarez sale were in transit at year$-$end. What amount should Swifty report as its December $31$ inventory?

December $31$ inventory