Shamrock Company took a physical inventory on December 31 and determined that goods costing $211,000 were on hand. Not included in the physical count were $25,480 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,260 of goods sold to Alvarez Company for $31,780, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Shamrock report as its December 31 inventory?

December 31 inventory