The Leftorium's Merchandise Inventory ledger account shows a debitbalance of $765 and a physical inventory reveals $745 worth of

goods on hand.The owner, Ned Flanders, has also provided the following informationregarding goods in transit:

Goods that Ned sold to Monty Burns for $40 (that Ned paid $30 for) that were shipped F.O.B. destination.

Goods that Ned sold to Moe Szyzlak for $60 (that Ned paid $45 for) that were shipped F.O.B. shipping point.

Goods that Ned purchased from Springfield Supply for $75 (that Ned plans to sell for $100) that were shipped F.O.B. shippingpoint.

Goods that Ned purchased from Springfield for $60 (that Ned plans to sell for $80) that were shipped F.O.B. destination.

Ned has asked you, the accountant for The Leftorium, to determine the  figure for Merchandise Inventory. 

The Android's Dungeon Comics and Collectibles store burned down last night and its inventory was destroyed. Arson is suspected and

Chief Wiggum will be interviewing Dolph, Kearney and Nelson, who were banned from the store by Comic Book Guy. Comic Book Guy has been able to provide you with the following information:

The Android's Dungeon uses the period inventory system.

In 2020, Net Sales totaled $160 000 and Cost of Goods Sold amounted to $112 000. Ending Inventory consisted of $16 000 of goods.

So far in 2021, the Cost of Goods Purchased have totaled $36 600 and Net Sales are $54 000.

Comic Book Guy has asked you to help him calculate the value of the missing inventory for the insurance claim. 

Briefly explain how you were able to come up with your estimate? Point form is acceptable.