ignments/355039 S Kimmel, Financial Accounting, 8e delp I Problem 6-1A Ivanhoe Company 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 $47,320. know how to treat the following transactions so she didn't record them. However, she diant For each of the transactions below, specify whether the item in question should be included in ending inventory, and id so, at what amount. ( item is not included in the ending inventory, then enter 0 for the amounts) (a) On February 26, Ivanhoe Company shipped to a customer goods costing $856. The goods were shipped FOB shipping point, and the receiving report indicaters that the customer received the goods on March 2 (b) On February 26, Martine Inc shipped goods to Ivanhoe Company FOB destination. The invoice price was $337 plus $25 for freight. The receving report indicates that the goods were received by Ivanhoe Company on March (c) Ivanhoe Company had $480 of inventory at a customers warehouse on approval. The customer was going to let vanhoe Company know whether it wanted the merchandise by the end of the week, March 4. craft shop, on consignment from Ivanhoe Company. (e) On Februsry 26, Ivanhoe Company crdered goods costing $772. The goods were shipped FO6 shipping point on February 27, 1vanhoe Company received the goods on March 1 (1) On February 28, Ivanhoe Company packaged goods and had them ready for shipping to a customer FOB destination. The iwice price was $381 plus $26 for freight; the cost of the itenns was $28R. The receving report indicates that the goods were received by the on March 2 (0) Ivanhoe Company had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $426 and, originally. Ivanhoe ompany expected to sell these items for $541 Cale F11F12 HomeEndInsert Delete ignments/355039 S Kimmel, Financial Accounting, 8e delp I Problem 6-1A Ivanhoe Company 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 $47,320. know how to treat the following transactions so she didn't record them. However, she diant For each of the transactions below, specify whether the item in question should be included in ending inventory, and id so, at what amount. ( item is not included in the ending inventory, then enter 0 for the amounts) (a) On February 26, Ivanhoe Company shipped to a customer goods costing $856. The goods were shipped FOB shipping point, and the receiving report indicaters that the customer received the goods on March 2 (b) On February 26, Martine Inc shipped goods to Ivanhoe Company FOB destination. The invoice price was $337 plus $25 for freight. The receving report indicates that the goods were received by Ivanhoe Company on March (c) Ivanhoe Company had $480 of inventory at a customers warehouse on approval. The customer was going to let vanhoe Company know whether it wanted the merchandise by the end of the week, March 4. craft shop, on consignment from Ivanhoe Company. (e) On Februsry 26, Ivanhoe Company crdered goods costing $772. The goods were shipped FO6 shipping point on February 27, 1vanhoe Company received the goods on March 1 (1) On February 28, Ivanhoe Company packaged goods and had them ready for shipping to a customer FOB destination. The iwice price was $381 plus $26 for freight; the cost of the itenns was $28R. The receving report indicates that the goods were received by the on March 2 (0) Ivanhoe Company had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $426 and, originally. Ivanhoe ompany expected to sell these items for $541 Cale F11F12 HomeEndInsert Delete