Case Scenario: Pronghorn Corp is trying to determine the value of its ending inventory as of February 28, 2017, 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 $48,310. However, she didn't know how to treat the following transactions so she didn't record them.

For each of the transactions below, specify whether the item in question should be included in ending inventory, and if so, at what amount. (If item is not included in the ending inventory, then enter 0 for the amounts.)

(a) On February 26, Pronghorn Corp shipped to a customer goods costing $866. The goods were shipped FOB shipping point, and the receiving report indicates that the customer received the goods on March 2.

(b) On February 26, Martine Inc. shipped goods to Pronghorn Corp FOB destination. The invoice price was $351 plus $27 for freight. The receiving report indicates that the goods were received by Pronghorn Corp on March 2.

(c) Pronghorn Corp had $480 of inventory at a customer's warehouse "on approval." The customer was going to let Pronghorn Corp know whether it wanted the merchandise by the end of the week, March 4.

(d) Pronghorn Corp also had $426 of inventory at a Belle craft shop, on consignment from Pronghorn Corp.

(e) On February 26, Pronghorn Corp ordered goods costing $723. The goods were shipped FOB shipping point on February 27. Pronghorn Corp received the goods on March 1.

(f) On February 28, Pronghorn Corp packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $353 plus $25 for freight; the cost of the items was $254. The receiving report indicates that the goods were received by the customer on March 2.

(g) Pronghorn Corp had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $418 and, originally, Pronghorn Corp expected to sell these items for $558.