On December 31, Bell Company had an ending inventory of $116,500 based primarily on a physical count at its warehouse.

In computing the final balance ofInventory, the following information was available:

(a)Inventory items with a cost of $3,060 were excluded from ending inventory. These goods were onconsignmentfrom Gonzales Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $2,300 were included in ending inventory. These goods were in transit from Bell Company to Thompson Company and were soldFOB shipping point.

(c)Inventory items with a cost of $2,180 were included in ending inventory. These goods were in transit from Bell Company to Edwards Company and were soldFOB destination.

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