ignore the numbers beside the questions

26.1A (LO 1) Kananaskis 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 $218,000. 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 Include $900 let Include- Don't Inclure & Don't 25 Oonit include - 2 Include 26 $1445 Kananaskis shipped $1,800 of inventory on consignment to Banff Corporation. By February 28, Banff had sold half of this inventory for Kananaskis. Kananaskis 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 $980 and the alterations, completed on February 21, cost $120. The customer plans to pick up the inventory on March 2. Kananaskis shipped goods FOB shipping point to a customer. The inventory cost $1,520. The appropriate party paid the freight costs of $90. The receiving report indicates that the customer received the goods on March 2. Kananaskis received $1,600 of inventory on consignment from Craft Producers Ltd. By February 28, Kananaskis had not sold any of this inventory Kananaskis purchased goods FOB shipping point from a supplier . The inventory cost $1,350. The appropriate party paid the freight costs of $95. The supplier shipped the goods on February 26 and Kananaskis received the goods on March 3. Kananaskis purchased goods FOB destination from a supplier. The inventory cost $1,500. The appropriate party paid the freight costs of $150. The supplier shipped the goods on February 27 and Kananaskis received the goods on March 4. Kananaskis shipped goods costing $1,900 FOB destination to a customer. The appropriate party paid the freight costs of $200. The receiving report indicates that the customer received the goods on March 7. Kananaskis had $1,950 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. Instructions a. For each of the above situations, specify whether the accountant should include the item in ending inventory, and if so, at what amount. For each item that is not included in ending inventory, indicate who owns it and what account, if any, the accountant should record the item in, assuming that the company uses a perpetual inventory system. b. Calculate the revised ending inventory amount 27 Don't include Include- $1900 28 include $1950 - Solha