Splish Company took a physical inventory on December $31$ and determined that goods costing $$217,700$ were on hand. Not included

in the physical count were $$26,450$ of goods purchased from Pelzer Corporation, f$.$o$.$b$.$ shipping point, and $$23,320$ of goods sold to

Alvarez Company for $$29,820,$ f$.$o$.$b$.$ destination. Both the Pelzer purchase and the Alvarez sale were in transit at year$-$end. What

amount should Splish report as its December $31$ inventory?

December $31$ inventory

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