Recife Company just took its physical inventory. The count of inventory items on hand at the company’s business locations resulted in a total inventory cost of R$300,000. In reviewing the details of the count and related inventory transactions, you have discovered the following.
1. Recife has sent inventory costing R$21,000 on consignment to Rio Company. All of this inventory was at Rio’s showrooms on December 31.
2. The company did not include in the count inventory (cost, R$20,000) that was purchased on December 28, terms FOB shipping point. The goods were in transit on December 31.
3. The company did not include in the count inventory (cost, R$17,000) that was sold with terms of FOB shipping point. The goods were in transit on December 31. 

Compute the correct December 31 inventory.