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Sphish Erothers timited is trying to determine the value of its ending inventory as of February 28,2022 , the compampy year-end The accountant counted everything

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Sphish Erothers timited is trying to determine the value of its ending inventory as of February 28,2022 , the compampy year-end The accountant counted everything that was in the warehoese as of February 28 , which resulted in anending inventery valustion of \$56,000. However, she didnt know how to treat the following transactions so she didn't record them. For esch of the transactions below, specify whether the item in question should be included in ending inventork and it so, at what amount. (a) On February 26, Splish Brothers shipped to a customer goods costing $880. The goods were shipped FOB shipping point, and the recelving report indicates that the customer received the goods on March 2. (b) On February 26, Martine inc shipped goods to Splish Brothers FOB destination. The invoice price was $400 plus $20 for freight. The receiving report indicates that the goods were received by Splish Brothers on March 2. (c) Splish Brothers had $660 of inventory at a customer's warehouse "on approval."The customer was going to let Splish Brothers know whether it wanted the merchandise by the end of the week, March 4. (d) Splish Brothers also had $720 of inventory at a Belle craft shop, on consignment from Splish Brothers. (e) On February 26,5 plish Brothers ordered goods costing $900. The goods were shipped FOB shipping point on February 27. Splish Brothers received the goods on March 1. (1) Onfebruary 28 , Splish Brothers packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $400 plus $20 for freight; the cost of the items was \$2.35. The recelving report indicates that the goods were received by the costomer on Murch 2 . (g) Splish Brothers had damaged goods set aside in the warehouse because they areno longer saleable. These goods orliginaty cos$400 and, originally, 5plish Brothers expected to seli theseitems for $660. $ $ 5 s 5 s

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