Which transaction would be included in the year end inventory?
A)Goods received on consignment at year end.
B)Goods shipped out on consignment at year end.
C)Goods shipped out F.O.B. shipping point at year end.
D)Goods received after year end, shipped FOB destination.

Question

Quizplus · Accepted Answer

Goods shipped out on consignment remain the property of the consignor and should be included in the consignor's inventory at year end.

Which Transaction Would Be Included in the Year End Inventory