Ivanhoe Looms Inc, took a physical inventory at the end of the year and determined that $926000 of goods were on hand between its warehouse and store locations. In addition, the following iterns were not considered when counting final inventory: $42500 of goods purchased were in transit. The goods were shipped fo.b. shipping point and were received by the company three days after the inventory count. - $56000 worth of goods that were sold with an explicit repurchase agreement on the inventory. What amount should lvanhoe report as inventory at the end of the year? $968500$827500$1024500$926000