As a result of a thorough physical inventory, Sheffield Company determined that it had inventory worth $321400 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $46100 on its sales floor that belong to Sheffield but are being sold on consignment by Walker. The selling price of these goods is $74600. Sheffield purchased $21500 of goods that were shipped on December 27, FOB destination, that will be received by Sheffield on January 3. Determine the correct amount of inventory that Sheffield should report.

Yolo windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): information on january 1 (beginning): direct materials inventory $ 89 work-in-process inventory 111 finished goods inventory 1,620 information for the year: administrative costs $ 3,610 direct labor 12,900 direct materials purchases 8,210 factory and machine depreciation 11,720 factory supervision 774 factory utilities 940 indirect factory labor 2,880 indirect materials and supplies 688 marketing costs 1,480 property taxes on factory 282 sales revenue 45,800 information on december 31 (ending): direct materials inventory $ 94 work-in-process inventory 138 finished goods inventory 1,430 required: prepare an income statement with a supporting cost of goods sold statement. (enter your answers in thousands of dollars (i. e., 234,000 should be entered as