Bell Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In addition, the following items were not included in the physical count. Bell, Inc. determined that $96,000 of goods purchased were in transit that were shipped f. o.b. destination (goods were actually received by the company three days after the inventory count).The company sold $40,000 worth of inventory f. o.b. shipping point. What amount should Bell report as inventory at the end of the year