Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included in the physical count were $20,400 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,400 of goods sold to Alvarez Company for $28,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sheffield report as its December 31 inventory?

Short No afraid not.

Opposite sides of a parallelogram must be equal and parallel. The opposite sides of a kit are neither. To make sure you understand, measure the upper left side and the lower right side. The upper left is shorter than the  lower right (even though these sides are opposite one another).

It you extend the upper left line upward and do the same thing to the lower right,  you will get two lines that meet. No parallelogram will do that.