Kitselman Limited is trying to determine the value of its ending inventory as of February 28, 2010, 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 $48,000. However, she didn’t know how to treat the following transactions so she didn’t record them.
(a) On February 26, Kitselman shipped to a customer goods costing $800. 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, Seller Inc. shipped goods to Kitselman FOB destination. The invoice price was $350 plus $25 for freight. The receiving report indicates that the goods were received by Kitselman on March 2.
(c) Kitselman had $500 of inventory at a customer’s warehouse “on approval.” The customer was going to let Kitselman know whether it wanted the merchandise by the end of the week, March 4.
(d) Kitselman also had $400 of inventory at a Balena craft shop, on consignment from Kitselman.
(e) On February 26, Kitselman ordered goods costing $750. The goods were shipped FOB shipping point on February 27. Kitselman received the goods on March 1.
(f) On February 28, Kitselman packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $350 plus $25 for freight; the cost of the items was $280. The receiving report indicates that the goods were received by the customer on March 2.
(g) Kitselman had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $400 and, originally, Kitselman expected to sell these items for $600.

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. For each item that is not included in ending inventory, indicate who owns it and what account, if any, it should have been recorded in.