Pitt Limited is trying to determine the value of its ending inventory as of February $28,2022,$ 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 $$48,000.$

However, she didn't know how to treat the following transactions so she didn't record them.

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 $26,$ Pitt shipped to a customer goods costing

$$800.$ The goods were shipped FOB shipping point, and the

receiving report indicates that the customer received the

goods on March $2.$

$($b$)$ On February $26,$ Martine Inc. shipped goods to Pitt FOB

destination. The invoice price was $$350$ plus $$25$ for freight.

The receiving report indicates that the goods were received by

Pitt on March $2.$

$($c$)$ Pitt had $$500$ of inventory at a customer's warehouse $"$on

approval." The customer was going to let Pitt know whether it

wanted the merchandise by the end of the week, March $4.$

$($d$)$ Pitt also had $$400$ of inventory at a Belle craft shop, on

consignment from Pitt.

$($e$)$ On February $26,$ Pitt ordered goods costing $$750.$ The.goods

were shipped FOB shipping point on February $27.$ Pitt

received the goods on March $1.$

$($f$)$ On February $28,$ Pitt packaged goods and had them ready for

shipping to a customer FOB destination. The invoice price was

$$350$ plus $$25$ for freight; the cost of the items was $$280.$ The

receiving report indicates that the goods were received by the

customer on March $2.$

$($g$)$ Pitt had damaged goods set aside in the warehouse because

they are no longer saleable. These goods originally cost $$400$

and, originally, Pitt expected to sell these items for $$600.$