Ending Inventory Costs

Danny Steele owns a small specialty store, named Steele's Storeroom, whose year-end is June 30. A physical inventory taken on June 30 reveals the following:

Cost of merchandise on the showroom floor and in the warehouse	$44,100
Goods held on consignment (consignor is Quality Manufacturer)	7,600
Goods that Steele's Storeroom, as the consignor, has for sale at the location of Midtown Galleria	8,300
Sales invoices indicate that merchandise was shipped on June 28, terms FOB shipping point, delivered at buyer's receiving dock on July 6	4,350
Sales invoices indicate that merchandise was shipped on June 26, terms FOB destination, delivered at buyer's receiving dock on July 1	2,800

Determine the total amount that should be included in Steele's Storeroom's year-end inventory.