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Yak Company reports the following information related to its ending inventory: goods out on consignment, $100,000; goods from another company held for consignment, $150,000; goods

Yak Company reports the following information related to its ending inventory: goods out on consignment, $100,000; goods from another company held for consignment, $150,000; goods purchased and in transit (FOB) shipping point, $30,000; goods purchased and in transit (FOB) destination, $40,000; goods sold and in transit (FOB) shipping point, $60,000; goods sold and in transit (FOB) destination, $50,000; inventory in warehouse excluding all of the above items, $350,000. What amount should be reported as ending inventory?

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