On December 31, Bennett Company had an ending inventory of $116,100 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 $3,710 were excluded from ending inventory. These goods were onconsignmentfrom Martinez Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $3,460 were included in ending inventory. These goods were in transit from Bennett Company to Bell Company and were soldFOB shipping point.

(c)Inventory items with a cost of $2,040 were excluded from ending inventory. These goods were in transit from Bennett Company to Rodriguez Company and were soldFOB destination.

Required:

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

Correct ending inventory balance:$