Sandhill Looms Inc. took a physical inventory at the end of the year and determined that $$933000$ of goods were on hand between its warehouse and store locations. In addition, the following items were not considered when counting final inventory:

$$40500$ of goods purchased were in transit. The goods were shipped f$.$o$.$b$.$ shipping point and were received by the company three days after the inventory count.

$$54000$ worth of goods that were sold with an explicit repurchase agreement on the inventory.

What amount should Sandhill report as inventory at the end of the year?

$$973500$

$$933000$

$$1027500$

$$838500$