Vaughn Company took a physical inventory on December 31 and determined that goods costing $230,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $19,000 of goods sold to Alvarez Company for $27,000 FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory?

Vaughn ending Inventory: __________________