View Policies Current Attempt in Progress Oriole Company took a physical inventory on December 31 and determined that goods costing $220,000 were on hand. Not included in the physical count were $27,500 of goods purchased from Pelzer Corporation, FOB. shipping point, and $24,200 of goods sold to Alvarez Company for $33,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Oriole report as its December 31 inventory? Ending inventory $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer