Anatolia Limited is trying to determine the value of its ending inventory at February 28, 2017, the company’s year-end. The accountant counted everything that was in the warehouse as of February 28, which resulted in an ending inventory valuation of L48,000. However, she didn’t know how to treat the following transactions so she didn’t record them.

(a) On February 26, Anatolia shipped to a customer goods costing L800. The goods were shipped FOB shipping point, and the receiving report indicates that the customer received the goods on March 2.

(b) On February 26, Shira Inc. shipped goods to Anatolia FOB destination. The invoice price was 350. The receiving report indicates that the goods were received by Anatolia on March 2.

(c) Anatolia had L620 of inventory at a customer’s warehouse “on approval.” The customer was going to let Anatolia know whether it wanted the merchandise by the end of the week, March 4.

(d) Anatolia also had L400 of inventory on consignment at a Palletine craft shop.

(e) On February 26, Anatolia ordered goods costing L780. The goods were shipped FOB shipping point on February 27. Anatolia received the goods on March 1.

(f) On February 28, Anatolia packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was L350; the cost of the items was L220. The receiving report indicates that the goods were received by the customer on March 2.

(g) Anatolia had damaged goods set aside in the warehouse because they are no longer saleable. These goods cost L400 and Anatolia originally expected to sell these items for L600.