You have asked 5 separate question. We are supposed to answer only one question. So I am answering first question.
1.
A)Included
goods held on consignment untill sold will be included in inventory.
B) Excluded
since condition is fob destination,so untill we receive it there is no need to include it. So it won't be included.
C) Excluded
goods sold should not be included in inventory because it's already shown in sales.
D) Excluded
Consignee is working as a agent. He has to remit sale proceeds as well as remaining unsold goods back to consignor , taking only commission. Hence it should not be included in consignee's inventory.
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Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each...
Peete Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) 900 units of inventory shipped on consignment by Peete to another company (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c) 1.200 units of inventory sold but being held for customer pickup. (d) 500 units of inventory held on consignment from another company.
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