On December 31, Perez Company had an ending inventory of $103,600 based primarily on a physical count at its warehouse. In computing the final balance of Inventory, the following information was available:

(a) Inventory items with a cost of $2,280 were included in ending inventory. These goods were on consignment to Allen Company. They had not yet been sold.

(b) Inventory items with a cost of $2,910 were excluded from ending inventory. These goods were in transit from Baker Company to Perez Company and were purchased FOB shipping point.

(c) Inventory items with a cost of $2,610 were included in ending inventory. These goods were in transit from Perez Company to Lopez Company and were sold FOB destination.

Required: Using the information given above, compute the correct final balance of Inventory.