Cost of goods on consignment is included in the consignee's inventory until sold.
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Q1: During periods of falling prices, LIFO ending
Q2: Physical counts of inventory are never made
Q3: Inventory costing methods are merely means by
Q4: In a perpetual inventory system, the cost
Q5: The main difference between perpetual and periodic
Q7: The gross profit ratio is calculated by
Q8: In a perpetual inventory system, which of
Q9: A company that prepares its financial statements
Q10: LIFO periodic and LIFO perpetual always produce
Q11: The choice of cost flow assumption (FIFO,
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