Which of the following should be included in the buyer's ending inventory? goods that have been purchased but have not left the seller O purchased goods in transit shipped FOB destination purchased goods in transit shipped FOB shipping point O inventory that has been sold on consignment

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following should be included in the buyer's ending inventory?
O goods that have been purchased but have not left the seller
O purchased goods in transit shipped FOB destination.
purchased goods in transit shipped FOB shipping point
O inventory that has been sold on consignment
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Transcribed Image Text:Which of the following should be included in the buyer's ending inventory? O goods that have been purchased but have not left the seller O purchased goods in transit shipped FOB destination. purchased goods in transit shipped FOB shipping point O inventory that has been sold on consignment Save for Later
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