CALCULATOR MESSAGE MYINSTRUCTOR FULL SCREEN PRINTER VERSIO 4BACK Problem 8-1 The following independent situations relate to inventory accounting. Answer the following questions about inventories. Sheffield Co. purchased goods with a list price of $166,300, subject to trade discounts of 20% and 10%, with no cash discounts al record as the cost of these goods? able Homen nota s enesc Cost of goods purchased LINK TO TEXT LINK TO TEXT Tamarisk Company's inventory of $1,177,500 at December 31, 2017, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items. (a) Goods shipped from a vendor f..b. shipping point on December 24, 2017, at an invoice cost of $65,030 to Tamarisk Company were received on January 4, 2018. (b) The physical count included $28,040 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2017. The carrier picked up these goods on January 3, 2011 What amount should Tamarisk report as inventory on its balance sheet? Inventory to be reporteds LINK TO TEXT LINK TO TEXT