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.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.