Your answer is incorrect.

On December 31, Gray Company had an ending inventory of $68,700 based primarily on a physical count at its warehouse. In computing the final balance ofInventory, the following information was available:(a)Inventory items with a cost of $2,230 were included in ending inventory. These goods were onconsignmentfrom Torres Company and had not yet been sold on December 31.

(b)Inventory items with a cost of $3,240 were included in ending inventory. These goods were in transit from Gray Company to Richardson Company and were soldFOB shipping point.

(c)Inventory items with a cost of $2,000 were included in ending inventory. These goods were in transit from Walker Company to Gray Company and were purchasedFOB destination.

what is the correct inventory ending balance?