On December 31, Russell Company had an ending inventory of $93,000 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 $2,680 were included in ending inventory. These goods were onconsignmentfrom Washington Company and had not yet been sold on December 31. (b)Inventory items with a cost of $3,730 were excluded from ending inventory. These goods were in transit from Evans Company to Russell Company and were purchasedFOB shipping point. (c)Inventory items with a cost of $3,030 were included in ending inventory. These goods were in transit from Russell Company to Flores Company and were soldFOB destination.

Required:

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