Grouper Limited is trying to determine the amount of its ending inventory as at February 28, the company's year end. The accountant counted everything in the warehouse in early March, which resulted in an ending inventory amount of $234,800. However, the accountant was not sure how to treat the following transactions, so she did not include them in the count. She has asked for your help in determining whether she should or should not include the following transactions in inventory: 1. Feb 1 2. 19 3. 4. 5. 22 23 25 6. 26 7. 27 8. 28 Grouper shipped $1,830 of inventory on consignment to Banff Corporation. By February 28, Banff had sold half of this inventory for Grouper. Grouper was holding inventory that it sold to a customer on February 19 but that needed adjustments before the customer would take possession. The inventory cost $1,000 and the alterations, completed on February 21, cost $130. The customer plans to pick up the inventory on March 2. Grouper shipped goods FOB shipping point to a customer. The inventory cost $1,490. The appropriate party paid the freight costs of $9. The receiving report indicates that the customer received the goods on March 2. Grouper received $1,570 of inventory on consignment from Craft Producers Ltd. By February 28, Grouper had not sold any of this inventory. Grouper purchased goods FOB shipping point from a supplier. The inventory cost $1,350. The appropriate party paid the freight costs of $9. The supplier shipped the goods on February 26 and Grouper received the goods on March 3. Grouper purchased goods FOB destination from a supplier. The inventory cost $1,530. The appropriate party paid the freight costs of $160. The supplier shipped the goods on February 27 and Grouper received the goods on March 4. Grouper shipped goods costing $1,860 FOB destination to a customer. The appropriate party paid the freight costs of $190. The receiving report indicates that the customer received the goods on March 7. Grouper had $1,960 of inventory isolated in the warehouse. The company isolated the goods because a customer did not want them shipped until March 5. The customer does not own the goods and will pay for them in March.