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.