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Windsor, Inc. took a physical inventory on December $31$ and determined that goods costing $$250,000$ were on hand. Not included in the physical count were $$26,000$ of goods purchased from Pelzer Corporation, FOB shipping point, and $$22,200$ of goods sold to Alvarez Company for $$30,000,$ FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at yearend.

What amount should Windsor report as its December $31$ inventory?

Inventory, December $31$