Flint Corporation is trying to determine the value of its ending inventory as of February 28, 2017, 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 $47,290. However, she didnt know how to treat the following transactions so she didnt record them.

Problem 6-1A Flint Corporation 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 $47,290. 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 0 for the amounts.) (a) On February 26, Flint Corporation shipped to a customer goods costing $875. 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 Flint Corporation FOB destination. The invoice price was $358 plus $27 for freight. The receiving report indicates that the goods were received by Flint Corporation on March 2. (c) Flint Corporation had $520 of inventory at a customer's warehouse on approval." The customer was going to let Flint Corporation know whether it wanted the merchandise by the end of the week, March 4. (d) Flint Corporation also had $361 of inventory at a Belle craft shop, on consignment from Flint Corporation. (e) On February 26, Flint Corporation ordered goods costing $752. The goods were shipped FOB shipping point on February 27. Flint Corporation received the goods on March 1. (f) On February 28, Flint Corporation packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $316 plus $24 for freight; the cost of the items was $258. The receiving report indicates that the goods were received by the customer on March 2. (g) Flint Corporation had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $398 and, originally, Flint Corporation expected to sell these items for $590