Houghton had $680 of inventory isolated in the warehouse. The inventory is designated for a customer who has requested that the goods be shipped on March 10. Also included in Houghton's warehouse is $870 of inventory that Korenic Producers shipped to Houghton on consignment. On February 26, Houghton issued a purchase order to acquire goods costing $1,180. The goods were shipped with terms FOB destination on February 27. Houghton received the goods on March 2. On February 26, Houghton shipped goods to a customer under terms FOB destination. The invoice price was $375; the cost of the items was $280. The receiving report indicates that the goods were received by the customer on March 2