Which of the Following Would Not Be Included in the Merchandise

Multiple Choice

Which of the following would not be included in the merchandise inventory amount reported on X Company's balance sheet?

A) Items out on consignment to another company
B) Items purchased from a supplier and en route directly to a customer of X Company; the term is FOB destination; invoice received but not yet paid
C) Items shipped today FOB shipping point, invoice has been mailed to the customer
D) Items in the receiving department of X Company, returned by the customer, invoice has been mailed