1. Jabar Company has shipped $600 of goods to Chi Co., and Chi Co. has arranged to sell the goods for Jabar. Identify the consignor and the consignee. Which company should include any unsold goods as part of its inventory?
2. At year-end, Liu Co. had shipped $750 of merchandise FOB destination to Kwon Co. Which company should include the $750 of merchandise in transit as part of its year-end inventory?