On December 31, Hall Company had an ending inventory of $81,300 based primarily on a physical count.

On December 31, Hall Company had an ending inventory of $81,300 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available:(a) Inventory items with a cost of $2,380 were included in ending inventory. These goods were on consignment from Barnes Company and had not yet been sold on December 31.

(b) Inventory items with a cost of $3,390 were included in ending inventory. These goods were in transit from Ward Company to Hall Company and were purchased FOB shipping point.

(c) Inventory items with a cost of $2,180 were excluded from ending inventory. These goods were in transit from Hall Company to Gray Company and were sold FOB destination.

Required:

Using the information given above, compute the correct final balance of Inventory.