Current Attempt in Progress

Blossom Limited is trying to determine its ending inventory as of February $28,2027,$ the company's year$-$end. The accountant counted

everything that was in the warehouse as of February $28,$ which resulted in an ending inventory of $$55,500.$ However, she needed help

in determining how to handle the following items.

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

amount.

$($a$)$ On February $26,$ Blossom shipped goods to a customer costing

$$1,680.$ The goods were shipped FOB shipping point, and the

customer received the goods on March $2.$

$($b$)$ On February $26,$ Martine Inc. shipped goods to Blossom FOB

destination. The invoice price was $$700$ plus $$50$ for freight.

The receiving report indicates that the goods were received by

Blossom on March $2.$

$($c$)$ Blossom had $$740$ of inventory at a customer's warchouse $"$on

approval." The customer was going to let Blossom know

whether it wanted the merchandise by the end of the weeli.

March $4.$

$($d$)$ Blossom also had $$830$ of inventory at a Belle craft shop, on

consignment from Blossom.

$($e$)$ On February $26,$ Blossom ordered goods costing $$900.$ The

goods were shipped FOB shipping point on February $27.$

Blossom received the goods on March $1.$

$($f$)$ On February $28,$ Blossom packaged goods and had them ready

for shipping to a customer FOB destination. The invoice price

was $$700$ plus $$50$ for freight; the cost of the items was $$270.$

The goods were received by the customer on March $2.$