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Kimmel, Financial Accounting, Be PRINCIPLES OF ACCOUNTING Gradebook ORION ment Problem 6-1A Sandhill Co. is trying to determine the value of its ending inventory as
Kimmel, Financial Accounting, Be PRINCIPLES OF ACCOUNTING Gradebook ORION ment Problem 6-1A Sandhill Co. is trying to determine the value of its ending inventory as of February 28, 2017, the company's vear end The accountant counted everything that was in thewrhuas of an ending inventory valuation of $45,2BOHowever, she ddnt know how to treat the taker, brute det reedthn February 28, which resufted in For each of the transactions below, spedify whether the item in question shouild be inchuted in ending iniventory, and i n at what mut cor amounts.) (a) On February 26, Sandhial Co. shipped to a customer goods costing 1855. The goods were shipped FOR shipping point, and the recel customer recelved the goods on March 2 ving report indicates that the (b) On February 26, Martine Inc. shipped goods to Sandhi Ca. FOB destination. The invoice price was $331 plus $24 for freight. The receiving report indicates that the goods were received by Sandhil Co on March 2. know whether it it wanted the merchandise by Sandhil Co. know the end of the week, March 4. (d) Sandhill Co, also had $383 of inventory at a Belle craf shop, on consignement from Sandhill Co. (e) On February 26, Sandhill Ce ordered goods cesting 810. The gosds were shipped roe on March
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