Houghton Limited is trying to determine the value of its ending inventory as of February $28,2027,$ 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 $$1,100$ to a customer and charged the customer $$1,375.$ 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 $$550$ plus $$50$ for freight. The receiving report indicates that the goods were received by Houghton on March $2.$

$($c$)$ Houghton had $$710$ of inventory isolated in the warehouse. The inventory is designated for a customer who has requested

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$($e$)$ On February $26,$ Houghton issued a purchase order to acquire goods costing $$940.$ The goods were shipped with terms FOB destination on February $27.$ Houghton received the goods on March $2$

$($f$)$ On February $26,$ Houghton shipped goods to a customer under terms FOB destination. The invoice price was $$430$; the cost of the Items was $$240.$ The receiving report indicates that the goods were received by the customer on March $2.$

$($g$)$ Houghton had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $$500,$ and Houghton had expected to sell theseitems for $$700.$