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    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
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    Which of the Following Items Should Not Be Included in the Inventory
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Which of the Following Items Should Not Be Included in the Inventory

Question 120

Question 120

Multiple Choice

Which of the following items should not be included in the inventory at year-end?


A) Goods that are owned by a company
B) Goods returned by a customer
C) Goods out on consignment
D) Goods held on consignment for sale on commission

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