T A P6-1A Austin Limited is trying to determine the value ofits ending inventory as of Febntant and the accountant orded in 28,2014, the company's year-end. The following transactions occurred, and the ac asked your help in determining whether they should be recorded or not. (a) On February 26, Austin shipped goods costing $800 to a customer an customer $1,000. The goods were shipped with terms FOB shipping pon charged the receiving report indicates that the customer received the goods on March 2 The invoice price was $450 plus $30 for freight. The receiving report indica (c) Austin had $650 of inventory isolated in the warehouse. The inventory is (b) On February 26, Louis Inc. shipped goods to Austin under terms FOB shipps that the that the shipping pa tes goods were received by Austin on March 2. designa for a customer who has requested that the goods be shipped on March 10. d in Austin's warehouse is $700 of inventory that Ryhn Producers shipped to Austin on consignment. 26, Austin issued a purchase order to acquire goods costing $900. The (e) On ds were shipped with terms FOB destination on February 27. Austin received the goods on March 2. eruary 26, Austin shipped goods to a customer under terms FOB destination. ce price was $350; the cost of the items was $200. The receiving report indi- (0 On The invoi es that the goods were received by the customer on March 2 cat Instructions the above transactions, specify whether the item in question should be included r each of in ending inventory, and if so, at what amount. nc 24 Fynress Distribution markets Chs of the mon