Question 1 (5 points) Which of the following goods should be included in inventory? (select...
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Accounting
Question 1 (5 points) Which of the following goods should be included in inventory? (select all that apply) Goods that the company estimates will soon be returned by customers Goods that are being held on consignment on behalf of some other entity Goods in transit that were sold FOB DEST Goods in transit that were purchased FOB DEST Goods in transit that were purchased FOB SP Question 2 (3 points) Which of the following costs should be included in the cost of inventory? (select all that apply) Freight-in expenses paid to have purchases delivered to us Freight-out expenses paid to have merchandise delivered to a customer Cash discounts on purchases
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