On December 31, Parker Company had an ending inventory of $109,900 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 $3,150 were included in ending inventory. These goods were onconsignmentfrom Barnes Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $2,500 were included in ending inventory. These goods were in transit from Parker Company to Davis Company and were soldFOB shipping point.

(c)Inventory items with a cost of $3,720 were excluded from ending inventory. These goods were in transit from Ramirez Company to Parker Company and were purchasedFOB destination.

Required:

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

Correct ending inventory balance:_$__________