Reddall Company has a fiscal year that ends on December 31. The inventory on hand at the end of the year is valued at a cost of $94,000. The following items were not included in this inventory: 1. Purchased goods in transit, under terms FOB shipping point, invoice price $4,200, freight costs $200. 2. Goods out on consignment to Marlman Company, sales price $5,600, cost of goods $3,000, shipping costs $200. 3. Goods sold to Grina Co. under terms FOB destination, invoiced for $1,900 (which included $178 freight charges to deliver the goods) and have a cost of $1,230. Goods are in transit. 4. Goods held on consignment by Reddall at a sales price of $2,700 which included sales