The inventory on hand at the end of 2013 for Reddall Company is valued at a cost of $87,450. The following items were not included in this inventory:

1. Purchased goods in transit, under terms FOB shipping point, invoice price $3,700, freight costs $170.

2. Goods out on consignment to Marlman Company, sales price $2,800, shipping costs of $210.

3. Goods sold to Grina Co. under terms FOB destination, invoiced for $1,700 which included $251 freight charges to deliver the goods. Goods are in transit.

4. Goods held on consignment by Reddall at a sales price of $2,700 which included sales commission of 20% of sales price.

5. Purchased goods in transit, shipped FOB destination, invoice price $2,100 which included freight charges of $190.

Required:

Determine the cost of the ending inventory that Reddall should report on its December 31, 2013, balance sheet, assuming that its selling price is 140% of the cost of the inventory.