Which of the following should not be included in an inventory count?
A)Goods taken home by a customer on approval
B)Purchased goods shipped FOB shipping point still in transit from a supplier
C)Consigned goods
D)Consigned goods and goods taken home by a customer on approval

Question

Quizplus · Accepted Answer

Consigned goods should not be included in the inventory count of the consignee because they are owned by the consignor until sold.

Which of the Following Should Not Be Included in an Inventory