Guardado Inc. had the following inventory situations to consider at January 31, its year end.

(a) Goods held on consignment for MailBoxes Corp. since December 12.

(b) Goods shipped on consignment to Rinehart Holdings Inc. on January 5.

(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.

(d) Goods shipped to a customer, FOB shipping point, on January 29 that are still in transit.

(e) Goods purchased FOB destination from a supplier on January 25, that are still in transit.

(f) Goods purchased FOB shipping point from a supplier on January 25, that are still in transit.

(g) Office supplies on hand at January 31.

Instructions

Identify which of the preceding items should be included in inventory. If the item should not be included in inventory, state in what account, if any, it should have been recorded.