Aber Limited is trying to determine the value of its ending inventory as of February 28, 2014, 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 $48,000. However, she didn't know how to treat the following transactions so she didn't record them.
| (a) |
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On February 26, Aber shipped to a customer goods costing $800. The goods were shipped FOB shipping point, and the receiving report indicates that the customer received the goods on March 2. |
| (b) |
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On February 26, Landis Inc. shipped goods to Aber FOB destination. The invoice price was $350 plus $25 for freight. The receiving report indicates that the goods were received by Aber on March 2. |
| (c) |
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Aber had $500 of inventory at a customer's warehouse "on approval." The customer was going to let Aber know whether it wanted the merchandise by the end of the week, March 4. |
| (d) |
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Aber also had $400 of inventory at a Newten craft shop, on consignment from Aber. |
| (e) |
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On February 26, Aber ordered goods costing $750. The goods were shipped FOB shipping point on February 27. Aber received the goods on March 1. |
| (f) |
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On February 28, Aber packaged goods and had them ready for shipping to a customer FOB destination. The invoice price was $350 plus $25 for freight; the cost of the items was $280. The receiving report indicates that the goods were received by the customer on March 2. |
| (g) |
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Aber had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $400 and, originally, Aber expected to sell these items for $600. |
For each item that is not included in ending inventory, indicate who owns it and what account, if any, it should have been recorded in.