The record of ABC Co. show the following:

a) inventory in display shelves $100,000

b) inventory stocked in warehouse $250,000

c) inventory sold under a bill and hold arrangement,

included in the stock of inventory in warehouse $20,000

d) inventory purchased in installment sale, physical

possession is obtained but the seller retains legal

title to the goods until full payment of purchase price $30,000

e) inventory pledged as collateral security for a bank loan $60,000

f) inventory purchased under a law away sale plan,

physical possession is not yet obtained until full payment

of purchase price $80,000

g) inventory sold wherein ABC Co. is obligated to repurchase

the inventory at a future date $10,000

Requirement: compute for the balance of inventory.