Slaymakker Country Limited is trying to determine the value of its ending inventory as of February 28, 2008, the company’s year-end. The following transactions occurred, and the accountant asked your help in determining whether they should be recorded or not.

(a) On February 26, Slaymakker shipped goods costing \($800\) to a customer and charged the customer \($1,000.\) The goods were shipped with terms FOB destination and the receiving report indicates that the customer received the goods on March 2.

(b) On February 26, Seller Inc. shipped goods to Slaymakker under terms FOB shipping point.

The invoice price was \($350\) plus \($25\) for freight. The receiving report indicates that the goods were received by Slaymakker on March 2.

(c) Slaymakker had \($500\) of inventory isolated in the warehouse. The inventory is designated for a customer who has requested that the goods be shipped on March 10.

(d) Also included in Slaymakker’s warehouse is \($400\) of inventory that Craft Producers shipped to Slaymakker on consignment.

(e) On February 26, Slaymakker issued a purchase order to acquire goods costing \($750.\) The goods were shipped with terms FOB destination on February 27. Slaymakker received the goods on March 2.

(f) On February 26, Slaymakker shipped goods to a customer under terms FOB shipping point.

The invoice price was \($350\) plus \($25\) for freight; the cost of the items was \($300.\) The receiving report indicates that the goods were received by the customer on March 2.

Instructions 

For each of the above transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount.