what to report dec 31st?

Oriole Company took a physical inventory on December 31 and determined that goods costing $175,000 were on hand. Not included in the physical count were $20,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $22,200 of goods sold to Alvarez Company for $30,400, 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? Inventory, December 31 $