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What is the appropriate treatment for goods held on consignment? The goods should be included...

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Accounting

What is the appropriate treatment for goods held on consignment?
The goods should be included in the ending inventory of the consignor.
The goods should be included in ending inventory of the consignee.
The goods should be included in cost of goods sold of the consignee only when sold.
The goods should be included in cost of goods sold of the consignor when transferred to the consignee.
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