A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are in the possession of the consignor.

Name: A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are in the possession of the consignor.
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Question

Quizplus · Accepted Answer

Goods on consignment remain the property of the consignor until sold, so they should be included in the consignor's ending inventory.

A Consignor Who Has Goods Out on Consignment with an Agent