Valuation of Inventory

Reddall Company has a fiscal year that ends on December $31.$ The inventory on hand at the end of the year is valued at a cost of $$95,000.$ The following items were not

included in this 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 $$4,200,$ cost of goods $$3,200,$ shipping costs $$300.$

Goods sold to Grina Co$.$ under terms FOB destination, invoiced for $$1,900($which included $$178$ freight charges to deliver the goods$)$ and have a cost of $$1,235.$ Goods

are in transit.

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.