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On December 31, Taylor Company had an ending inventory of $86,100 based primarily on a physical count at its warehouse. In computing the final balance

On December 31, Taylor Company had an ending inventory of $86,100 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 $3,290 were excluded from ending inventory. These goods were on consignment to Cook Company and had not yet been sold by December 31. (b) Inventory items with a cost of $2,340 were included in ending inventory. These goods were in transit from Martin Company to Taylor Company and were purchased FOB shipping point. (c) Inventory items with a cost of $2,160 were excluded from ending inventory. These goods were in transit from Taylor Company to Scott Company and were sold FOB destination. Required:

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

Correct ending inventory balance: $_______________

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