NovakCompany took a physical inventory on December 31 and determined that goods costing $190,000were on hand. Not included in the physical count were $25,170of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,900of goods sold to Alvarez Company for $30,030, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount shouldNovakreport as its December 31 inventory?

December 31 inventory$

enter inventories at December 31 in dollars