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Valuation of Inventory Purchased goods in transit, under terms FOB shipping point, invoice price $ 4 , 0 0 0 , freight costs $ 2

Valuation of Inventory
Purchased goods in transit, under terms FOB shipping point, invoice price $4,000, freight costs $250.
Goods out on consignment to Marlman Company, sales price $5,600, cost of goods $3,050, shipping costs $300.
Goods held on consignment by Reddall at a sales price of $2,700 which included sales commission of 20% of sales price.
Purchased goods in transit, shipped FOB destination, invoice price $2,100 which included freight charges of $190.
Required:
Determine the cost of the ending inventory that Reddall should report on its December 31 balance sheet.
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