1. 2. 19 22 Ayayai Limited is trying to determine the amount of its ending inventory as at February 28, the company's year end. The accountant counted everything in the warehouse in early March, which resulted in an ending inventory amount of $ 217.500. However, the accountant was not sure how to treat the following transactions, so she did not include them in the count. She has asked for your help in determining whether she should or should not include the following transactions in inventory: Feb 1 Ayayai shipped $ 1.820 of inventory on consignment to Banff Corporation. By February 28, Banff had sold half of this inventory for Ayayai. Ayayai was holding inventory that it sold to a customer on February 19 but that needed adjustments before the customer would take possession. The inventory cost $ 990 and the alterations, completed on February 21, cost $ 100. The customer plans to pick up the inventory on March 2. 3. Ayayai shipped goods FOB shipping point to a customer. The inventory cost $ 1.490. The appropriate party peid the freight costs of $ 9. The receiving report indicates that the customer received the goods on March 2. Ayayai received $ 1.590 of inventory on consignment from Craft Producers Ltd. By February 28, Ayayai had not sold any of this inventory Ayayai purchased goods FOB shipping point from a supplier. The inventory cost $ 1.350. The appropriate party paid the freight costs of $ 9. The supplier shipped the goods on February 26 and Ayayai received the goods on March 3. 26 Ayayai purchased goods FOB destination from a supplier. The inventory cost $ 1.490. The appropriate party paid the freight costs of $ 150. The supplier shipped the goods on February 27 and Ayayai received the goods on March 4. Ayayai shipped goods costing $ 1.900 FOB destination to a customer. The appropriate party paid the freight costs of $ 180. The receiving report indicates that the customer received the goods on March 7. Ayayai had $ 1,980 of inventory isolated in the warehouse. The company isolated the goods because a customer did not want them shipped until March 5. The customer does not own the goods and will pay for them in March 4. 23 5 5. 25 6. 7. 27 8. 28 For each of the situations, specify whether the accountant should include the item 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, the accountant should record the item in, assuming that the company uses a perpetual inventory system Include/Do not include Amount Ownership Account Include $ 910 Ayayal Inventory Ayayai shipped $ 1,820 of inventory on consignment to Banff Corporation. By February 28. Banff had sold half of this inventory for Ayayai. Ayayai was holding inventory that it sold to a customer on February 19 but that needed adjustments before the customer would take possession. The inventory cost $ 990 and the alterations, completed on February 21. cost $ 100. The customer plans to pick up the inventory on March 2 Do not include 0 Customer Ownership Cost of goods sc Ayayai shipped goods FOB shipping point to a customer. The inventory cost $ 1.490. The appropriate party paid the freight Do not include Customer Ownership Cost of goods sc costs of $ 9. The receiving report indicates that the customer received the goods on March 2 Do not include 0 Craft Producers Ltd. Ayayai received $ 1.590 of inventory on consignment from Craft Producers Ltd. By February 28, Ayayai had not sold any of this inventory Ayayai purchased goods FOB shipping point from a supplier. The inventory cost $ 1.350. The appropriate party paid the freight costs of $ 9. The supplier shipped the goods on February 26 and Ayayai received the goods on March 3. Include 1,359 Ayayal Inventory Ayayai purchased goods FOB destination from a supplier. The inventory cost $ 1.490 The appropriate party paid the freight costs of $ 150. The supplier shipped the Do not include Supplier Ownership goods on February 27 and Ayayai received the goods on March 4 Include 1.900 Ayayal Inventory Ayayai shipped goods costing $ 1.900 FOB destination to a customer. The appropriate party paid the freight costs of $ 180. The receiving report indicates that the customer received the goods on March 7. Ayayai had $ 1.980 of inventory isolated in the warehouse The company isolated the goods because a customer did not want them shipped until March 5. The customer does not own the goods and will pay for them in March Include 1.980 Ayayal Inventory Calculate the revised ending inventory amount? Ending Inventory Amount $