Columbus Limited is trying to determine the value of its ending inventory at February 28, 2014, the companys 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 didnt know how to treat the following transactions so she didnt record them. For each of the below transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount

1) On February 26, Columbus 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.