On December 31, Russell Company had an ending inventory of $74,400 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 $3,210 were excluded from ending inventory. These goods were onconsignmentto Ward Company and had not yet been sold by December 31.

(b)Inventory items with a cost of $2,100 were excluded from ending inventory. These goods were in transit from Russell Company to Lee Company and were soldFOB shipping point.

(c)Inventory items with a cost of $3,260 were excluded from ending inventory. These goods were in transit from Collins Company to Russell Company and were purchasedFOB destination.