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CALCLATOR PULL SCREEN PRINTER VERSIONE BACK NE: Problem 6-1A Monty Corp. is trying to determine the value of its ending inventory as of February 28,

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CALCLATOR PULL SCREEN PRINTER VERSIONE BACK NE: Problem 6-1A Monty Corp. is trying to determine the value of its ending inventory as of 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 $44,000. However, she didn't know how to treat the following transactions so she didn't record them For each of the transactions below, specify whether the item in question should be included in ending inventory, and if so, at what amount. (If item is not included in the ending inventory, then enter o for the amounts.) (a) On February 26, Monty Corp, shipped to a customer goods costing $865. The goods were shipped FO shipping point, and the receiving report indicates that the customer received the goods on March 2 (b) On February 26, Martine Inc. shipped goods to Monty Corp. FOB destination. The invoice pnce was $327 plas $24 for freight. The receiving report indicates that the goods were received by Monty Corp, on March 2 (c) Monty Corp. had $450 of inventory at a customer's warehouse "on approval." The customen Monty Corp. know whether it wanted the merchandise by the end of the week, March 4 was going to let (d) Monty Corp. also had $362 of inventory at a Belle craft shop, on consignment from Monty Corp... (e) On February 26, Monty Corp, ordered goods costing $794. The goods were shipped FOB shipping point on February 27. Monty Corp. received the goods on March 1 () On February 28, Monty Corp. packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $352 plus $23 for freight; the cost 1:42 (f) On February 28, Monty Corp. packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $352 plus $23 for freight; the cost of the items was $279. The receiving report indicates that the goods were received by the customer on March 2. Study (g) Monty Corp. had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $418 and, originally, Monty Corp. expected to sell these items for $541. Click if you would like to Show Work for this question: Open Show Work

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