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P$6\mathrm{.}1($LO $1),$ AN Pitt Limited is trying to determine its ending inventory as of February $28,2027,$ the company$$s year$-$end. The accountant counted everything that was in the warehouse as of February $28,$ which resulted in an ending inventory of $$48,000.$ However, she needed help in determining how to handle the following items.

On February $26,$ Pitt shipped goods to a customer costing $$800.$ The goods were shipped FOB shipping point, and the customer received the goods on March $2.$

On February $26,$ Martine Inc. shipped goods to Pitt FOB destination. The invoice price was $$350$ plus $$25$ for freight. The receiving report indicates that the goods were received by Pitt on March $2.$

Pitt had $$500$ of inventory at a customer$$s warehouse $$on approval.$$ The customer was going to let Pitt know whether it wanted the merchandise by the end of the week, March $4.$

Pitt also had $$400$ of inventory at a Belle craft shop, on consignment from Pitt.

On February $26,$ Pitt ordered goods costing $$750.$ The goods were shipped FOB shipping point on February $27.$ Pitt received the goods on March $1.$

On February $28,$ Pitt 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 goods were received by the customer on March $2.$

Pitt had damaged goods set aside in the warehouse because they are no longer saleable. These goods originally cost $$400$ and, originally, Pitt expected to sell these items for $$600.$

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