On December $31,$ Bailey Company had an ending inventory of $$56,300$ based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available:

$($a$)$ Inventory items with a cost of $$2,460$ were excluded from ending inventory. These goods were on consignment to Simmons Company and had not yet been sold by December $31.$

$($b$)$ Inventory items with a cost of $$2,180$ were excluded from ending inventory. These goods were in transit from Taylor Company to Bailey Company and were purchased FOB shipping point.

$($c$)$ Inventory items with a cost of $$3,100$ were included in ending inventory. These goods were in transit from Bailey Company to Evans Company and were sold FOB destination.

Required:

Using the information given above, compute the correct final balance of Inventory.