On December 31, Sanders Company had an ending inventory of $98,900 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 $2,160 were included in ending inventory. These goods were onconsignmentfrom Lewis Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $2,540 were excluded from ending inventory. These goods were in transit from Scott Company to Sanders Company and were purchasedFOB shipping point.

(c)Inventory items with a cost of $3,440 were excluded from ending inventory. These goods were in transit from Henderson Company to Sanders Company and were purchasedFOB destination.

Required:

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

Correct ending inventory balance: