On December 31, Garcia Company had an ending inventory of $112,100 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 $2,070 were excluded from ending inventory. These goods were onconsignmentfrom Phillips Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $2,470 were included in ending inventory. These goods were in transit from Garcia Company to Wilson Company and were soldFOB shipping point.

(c)Inventory items with a cost of $2,450 were excluded from ending inventory. These goods were in transit from Garcia Company to Anderson Company and were soldFOB destination.

Required:

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