The following information pertains to the year-end inventory of Gordon's Culinary Supply Ltd. at December 31, 2020: Gordon's Culinary Supply held goods on consignment from Kiss the Cook Corporation at December 31. These goods, which had a cost of $16,450, were included in Gordon's inventory account. A)Goods in transit of $874,900 with terms FOB destination were excluded from inventory. The goods arrived at Gordon's Culinary Supply on January 5, 2021. B)An order of inventory with a cost of $27,200 was received on December 31, 2020. The company neglected to record this purchase until January 5, 2021 C)Goods in transit of $110,105 with terms FOB shipping point were not included in the inventory account on December 31. The goods were shipped on December 29, 2020, and D)were received by Gordon's Culinary Supply on January 8, 2021. E)Units on hand on December 31 with a cost of $10,821 were recorded twice in the inventory account. F) Gordon's Culinary Supply reported a balance in its general ledger inventory account of $957,987.

Required:

Determine the correct inventory cost for Gordon's Culinary Supply as at December 31, 2020.