Probe OLA Houghton Limited is trying to determine the value of its ending inventory as of retary 28, 2020, the company your end. The following transaction curred, and the started your helping whether they shte For each of the below transactions, specify whether the item in question beinduded in inventory and at what amount (a) on February 26, Houghton shipped goods conting to a customer and charged the customer $1,000. The goods were shipped with tempo shoping point and the receiving report inacates the customer received the goods on March 2 (1) Onrebruary Main Inc. shipped goods to Houghton under terms shipping point. The voice prices ophos 40 for fight. The receiving report indicates that the goods were receved by Houston on March (c) Houghton hand $10 of vertoryted in the warehouse. The riventory dested for otome who has rested that the goods te shipped on March 10 (d) Also included in two is $730 ofertory that were Producerspoed to outon on comment (e) on February woda purchase order to pure goodi conting the goods were shed with term rention on Perry 77. Houghton received the goods on March 2 On February 26, How to do to customer under ermarn destination. The invece was 10, the cost of the terms $200 The receiving report indicates that the goods were received by the customer on March (a) Houghton had damaged goods set aside in the warehouse because they are no longer salate. These goods or only cost $550 and Houghton had expected to sell them for 70