1. 2 Current Attempt in Progress Shippers Ltd. had the following inventory situations to consider at January 31, its year end: Identify which of the below items should be included in inventory. If an item should be included in inventory then choose "Inventory" and If an item should not be included in inventory then state where it should be recorded. Goods held on consignment for Boxes Unlimited since December 22 Goods that are still in transit, shipped to a customer FOB destination on January 29. 3. Goods shipped on consignment to Rinehart Holdings Ltd. on January 5. Freight costs due on goods in transit from item 2 above. 5. Goods that are still in transit, purchased FOB destination from a supplier on January 25. Goods that are still in transit purchased FOB shipping point from a supplier on January 25. Goods that are still in transit, shipped to a customer FOB shipping point on January 29, ( 6. 7. Current Attempt in Progress Pina Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 490 bookcases at a cost of $132 each. During June, the company had the following purchases and sales of bookcases: Purchases Units Unit cost 1,160 $134 Sales Unit price Date Units June 6 10 950 $201 1.780 135 16 1,660 206 26 970 136