Which of the following should not be included in the count of ending merchandise inventory?
A) Damaged goods to be sold at a reduced price
B) Goods in transit to which a company has title
C) Goods in warehouses
D) Goods sold but not yet delivered

Question

Quizplus · Accepted Answer

Goods that have been sold but not yet delivered should not be included in the count of ending merchandise inventory, as they are already considered as sales and will be recorded separately as accounts receivable.

Which of the Following Should Not Be Included in the Count