Question 2 of 12 -11 View Policies Current Attempt in Progress Sandhill Company took a physical iqventory on December 31 and determined that goods costing $240,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Pelzer Corporation, FOB, shipping point, and $26,400 of goods sold to Alvarez Company for $36,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year- end. What amount should Sandhill report as its December 31 inventory? Ending inventory $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer 8 X W P 2,300 0 0