Question: please help Lurrent Attempt in Progress Crane Company took a physical inventory on December 31 and determined that goods costing $230.000 were on hand .

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Lurrent Attempt in Progress Crane Company took a physical inventory on December 31 and determined that goods costing $230.000 were on hand . Not included in the physical count were $23,000 of goods purchased from Pelzer Corporation FOB shipping point, and $21,000 of 8 pods soid to Alvarez Company for $29,000. FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Crane report as its December 31 inventory

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