Houghton Limited is trying to determine the value of its ending inventory as of February 28, 2022, the company's 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, Houghton shipped goods costing $600 to a customer and charged the customer $750. 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, Crain Inc. shipped goods to Houghton under terms FOB shipping point. The invoice price was $400 plus $20 for freight. The receiving report indicates that the goods. were received by Houghton on March 2