Toledo Limited is trying to determine the value of its ending inventory at February 28, 212, 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 $47,226. However, she didn't know how to treat the following transactions so she didn't record them.

1. On February 26, Toledo shipped to a customer goods costing $754. The goods were shipped FOB shipping point, and the receiving report indicates that the customer received the goods on March 2.
2. On February 26, Grisel Inc. shipped goods to Toledo FOB destination. The invoice price was $338. The receiving report indicates that the goods were received by Toledo on March 2.
3. Toledo had $532 of inventory at a customer's warehouse "on approval." The customer was going to let Toledo know whether it wanted the merchandise by the end of the week, March 4.
4. Toledo also had $445 of inventory on consignment at a Balboa craft shop.
5. On February 26, Toledo ordered goods costing $719. The goods were shipped FOB shipping point on February 27. Toledo received the goods on March 1.
6. On February 28, Toledo packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $392; the cost of the items was $214. The receiving report indicates that the goods were received by the customer on March 2.
7. Toledo had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $398 and, originally, Toledo expected to sell these items for $621.

Instructions

For each of the above transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount. If the item should not be included in ending inventory, put 0 for the amount.

	Included/Not Included	Amount
a.	Not includedIncluded	$
b.	Not includedIncluded	$
c.	Not includedIncluded	$
d.	Not includedIncluded	$
e.	Not includedIncluded	$
f.	Not includedIncluded	$
g.	Not includedIncluded	$