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Swifty Corporation took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in the physical count were $26,600 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,400 of goods sold to Alvarez Company for $31,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.What amount should Swifty report as its December 31 inventory?