Multiple Choice
Which of the following items should be included in inventory at the balance sheet date?
A) goods in transit which were purchased FOB destination
B) goods received from another company for sale on consignment
C) goods sold to a customer, which are being held for the customer to call for at his or her convenience
D) goods in transit which were purchased FOB shipping point
Correct Answer:

Verified
Correct Answer:
Verified
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