The following items should be included in merchandise inventory: a. Goods in transit with sales terms FOB

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The following items should be included in merchandise inventory:

a. Goods in transit with sales terms FOB destination

b. Additional costs necessary to put inventory in a place and condition for sale

c. Goods held by a consignee

d. All of the above.

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 12, 2019 01:42 PM

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The following items should be included in merchandise inventory: a. Goods in transit with sales terms FOB

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Fundamental Accounting Principles Volume I

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