Cullumber Limited is trying to determine the value of its ending inventory as of February 28, 2019, the companys year-end. The following transactions occurred, and the accountant asked your help in determining whether they should be recorded or not.

For each of the transactions below, specify whether the item in question should be included in ending inventory, and if so, at what amount.

(a) On February 26, Cullumber shipped goods costing $800 to a customer and charged the customer $1,000. The goods were shipped with terms FOB shipping point and the receiving report indicates that the customer received the goods on March 2 $ (b) On February 26, Louis Inc. shipped goods to Cullumber under terms FOB shipping point. The invoice price was $400 plus $10 for freight. The receiving report indicates that the goods were received by Cullumber on March 2. $ (c) Cullumber had $600 of inventory isolated in the warehouse. The inventory is designated for a customer who has requested that the goods be shipped on March 10. $ (d) Also included in Cullumber's warehouse is $700 of inventory that Ryhn Producers shipped to Cullumber on consignment. $ (e) On February 26, Cullumber issued a purchase order to acquire goods costing $900. The goods were shipped with terms FOB destination on February 27. Cullumber received the goods on March 2. $ (f) On February 26, Cullumber shipped goods to a customer under terms FOB destination. The invoice price was $360; the cost of the items was $230. The receiving report indicates that the goods were received by the customer on March 2.