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Splish Brothers Limited is trying to determine the value of its ending Inventory as of February 28, 2020, the company's year-end The following transactions occurred,

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Splish Brothers Limited is trying to determine the value of its ending Inventory as of February 28, 2020, the company's year-end The following transactions occurred, and the accountant asked your help in determining whether they should be recorded or not 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) Not Included $ On February 26, Splish Brothers shipped goods costing $880 to a customer and charged the customer $1.100. The goods were shipped with terms FOB shipping point and the receiving report indicates that the customer received the goods on March 2 (b) On February 26, Louis Inc shipped goods to Splish Brothers under terms FOB shipping point. The invoice price was $400 plus $20 for freight. The receiving report indicates that the goods were received by Splish Brothers on March 2. Not Included $ (c) Splish Brothers had $660 of inventory isolated in the warehouse. The inventory is designated for a customer who has requested that the goods be shipped on March 10. Included : $ (d) Also included in Splish Brothers's warehouse is $720 of Inventory that Ryhn Producers shipped to Splish Brothers on consignment Included $ (c) Splish Brothers had $660 of inventory isolated in the warehouse. The inventory is designated for a customer who has requested that the goods be shipped on March 10, Included $ (d) Also included in Splish Brothers's warehouse is $720 of inventory that Ryhn Producers shipped to Splish Brothers on consignment Included $ (e) On February 26, Splish Brothers issued a purchase order to acquire goods costing $900. The goods were shipped with terms FOB destination on February 27. Splish Brothers received the goods on March 2. Included $ (6) On February 26, Splish Brothers shipped goods to a customer under terms FOB destination. The invoice price was $410, the cost of the items was $235. The receiving report indicates that the goods were received by the customer on March 2. Included $ (8) Splish Brothers had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $400, and Splish Brothers had expected to sell these items for $660. Not included $

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