Question 1 of 10

Question 1 of 10 View Policies Current Attempt in Progress Swifty Company took a physical inventory on December 31 and determined that goods costing $150,000 were on hand. Not includec in the physical count were $21,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $19,500 of goods sold to Alvarez Company for $27,500, 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? Swifty ending Inventory $ eTextbook and Media