Current Attempt in Progress Whispering Company took a physical inventory on December 31 and...

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Accounting

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Whispering Company took a physical inventory on December 31 and determined that goods costing $203,300 were on hand. Not included in the physical count were $27,220 of goods purchased from Pelzer Corporation, fo.b. shipping point, and $24,490 of goods sold to Alvarez Company for $28,760, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount shquld Whispering report as its December 31 inventory?
December 31 inventory $
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