On December 31, Thomas Company had an ending inventory of $61,200 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 $2,730 were excluded from ending inventory. These goods were onconsignmentto Mitchell Company and had not yet been sold by December 31.

(b)Inventory items with a cost of $3,850 were excluded from ending inventory. These goods were in transit from Bennett Company to Thomas Company and were purchasedFOB shipping point.

(c)Inventory items with a cost of $2,500 were excluded from ending inventory. These goods were in transit from Thomas Company to Moore Company and were soldFOB destination.

Required:

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

Correct ending inventory balance:_$_____________