On December 31, Henderson Company had an ending inventory of $70,200 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 $3,350 were excluded from ending inventory. These goods were on consignment from Turner Company and had not yet been sold on December 31.

(b) Inventory items with a cost of $2,950 were excluded from ending inventory. These goods were in transit from Henderson Company to Green Company and were sold FOB shipping point.

(c) Inventory items with a cost of $2,180 were excluded from ending inventory. These goods were in transit from Henderson Company to Nelson Company and were sold FOB destination. Required: Using the information given above, compute the correct final balance of Inventory.

Required:

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