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CALCULATOR FULL SCREEN RINTER VERSION Teal Mountain Inc. is trying to determine the value of its ending inventory as of February 28, 2017, the company's

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CALCULATOR FULL SCREEN RINTER VERSION Teal Mountain Inc. 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 $47.190. However, she ddnt know how to treat the following transactions so she didn't record them. BACK NEXT ES For each of the transactions below, specify whether the item in question should be included in ending inventory, and if so, at what amount. (I item is not included in the ending inventory, then enter 0 for the amounts.) (a) On February 26, Teal Mountain Inc. shipped to a customer goods costing $863. 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, Martine Inc. shipped goods to Teal Mountain Inc. FOB destination. The invoice price was $367 plus $26 for freight. The receiving report indicates that the goods were received by Teal Mountain Inc. on March 2 (c) Teal Mountain Inc. had $540 of inventory at a customer's warehouse "on approval." The customer was going to let Teal Mountain Inc. know whether it wanted the merchandise by the end of the week, March 4 udy (d) Teal Mountain Inc. also had $377 of inventory at a Belle craft shop, on consignment from Teal Mountain Inc. (e) On February 26, Teal Mountain Inc. ordered goods costing $790, The goods were shipped FOB shipping point on February 27. Teal Mountain Inc, received the

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