What is consigned inventory?
A) Goods that are shipped, but title transfers to the receiver.
B) Goods that are sold, but payment is not required until the goods are sold.
C) Goods that are shipped, but title remains with the shipper.
D) Goods that have been segregated for shipment to a customer.

Question

Quizplus · Accepted Answer

Consigned inventory is goods that are shipped to a customer, but the title remains with the shipper until the goods are sold. The customer holds the inventory, but the shipper retains ownership until a sale is made, which means the customer has the ability to return unsold goods.

What Is Consigned Inventory