Which transaction would not be included in year end inventory?
A)Goods received on consignment at year end.
B)Goods shipped out on consignment at year end.
C)Goods shipped FOB shipping point after year end.
D)Goods received at year end.

Question

Quizplus · Accepted Answer

Goods received on consignment are not owned by the company and should not be included in the company's inventory.

Which Transaction Would Not Be Included in Year End Inventory