Sheffield Company took a physical inventory on December 31 and determined that goods costing $210,000 were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,500 of goods sold to Alvarez Company for $29,500,FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sheffield report as its December 31 inventory? Sheffield ending Inventory