hose Inventory Is It?

Streuling Inc. is preparing its 2013 year-end financial statements. Prior to any adjustments, inventory is valued at $76,050. The following information has been found relating to certain inventory transactions:

Goods valued at $11,000 are on consignment with a customer. These goods are not included in the $76,050 inventory figure.

Goods costing $2,700 were received from a vendor on January 5, 2014. The related invoice was received and recorded on January 12, 2014. The goods were shipped on December 31, 2013, terms FOB shipping point.

Goods costing $8,500 were shipped on December 31, 2013, and were delivered to the customer on January 2, 2014. The terms of the invoice were FOB shipping point. The goods were included in ending inventory for 2013 even though the sale was recorded in 2013.

A $3,500 shipment of goods to a customer on December 31, terms FOB destination, was not included in the year-end inventory. The goods cost $2,600 and were delivered to the customer on January 8, 2014. The sale was properly recorded in 2014.

An invoice for goods costing $3,500 was received and recorded as a purchase on December 31, 2013. The related goods, shipped FOB destination, were received on January 2, 2014, and thus were not included in the physical inventory.

Goods valued at $6,500 are on consignment from a vendor. These goods are not included in the year-end inventory figure.

A $10,500 shipment of goods to a customer on December 30, 2013, terms FOB destination, was recorded as a sale in 2013. The goods, costing $8,200 and delivered to the customer on January 6, 2014, were not included in 2013 ending inventory.

Compute the proper inventory amount to be reported on Streuling Inc.'s balance sheet for the year ended December 31, 2013.