On December $31,$ Ramirez Company had an ending inventory of $$99,000$ based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available: been sold on December $31.$

$($b$)$ Inventory items with a cost of $$2,700$ were included in ending inventory. These goods were in transit from Thomas Company to Ramirez Company and were purchased FOB shipping$\_$point. were sold FOB destination.

Required:

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

Correct ending inventory balance:

$$$