On December 31, Jenkins Company had an ending inventory of $113,700 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 $3,130 were included in ending inventory. These goods were on consignment to King Company. They had not yet been sold.

(b) Inventory items with a cost of $3,940 were excluded from ending inventory. These goods were in transit from White Company to Jenkins Company and were purchased FOB shipping point.

(c) Inventory items with a cost of $2,420 were included in ending inventory. These goods were in transit from Gonzalez Company to Jenkins Company and were purchased FOB destination.

Required:

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