Pitt Limited a.Not to included in inventory. The tittle to the goods passed to the customer on 2 b.On February 26, Martine Inc. shipped goods to Pitt FOB destination. The invoice c.Pitt had $500 of inventory at a customer's warehouse "on approval." The custom dAs ofFeb 28 the good are to be included in the inventory. ePitt obtained the tittle on Feb 27 so they shou be included in the inventory as of fOn March 2nd the tittle pass to the customer so on Feb 28th it should be include gThey should be valued 0 and not included in the inventory.
2/26/2022 so on 2/28/2022 they were no longer Pitt Limited. The 800 should be applied to Co price was $350 plus $25 for freight. The receiving report indicates that the goods were receive mer was going to let Pitt know whether it wanted the merchandise by the end of the week, Ma f Feb 28th. ed in the inventory at a cost of $280.
ost Of Good Sold. ed by Pitt on March 2. arch 4
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