3 4 ENMENT #3 (Chapters 6, & 7) Question 1 of 20 View Policies Current Attempt in Progress Waegelein Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. 1 Goods shipped on consignment by Waegelein to another company. 2. Goods in transit from a supplier shipped FOB destination. 3. Goods shipped via common carrier to a customer with terms FOB shipping point 4. Goods held on consignment from another company. Save forte Attemptssur 24 Gtv Q Q %23 3 $ 2 4 % 5 0) > RO 6 & 7 00* 8 W 9 E to education.wiley.com Canvas Login ASSIGNMENT 3 Chapter 687) NAP Amantul Apo Mascut, SSIGNMENT 3 (Chapters 6, & 7) Question 2 of 20 -12 View Policies Current Attempt in Progress Flaherty Company had beginning inventory on May 1 of $12.000. During the month, the company made purchases of $40.000 but returned $2,000 of goods because they were defective. At the end of the month the inventory on hand was awed at 515,500 Calculate cost of goods available for sale and cost of goods sold for the month Cost of goods available for sale $ Cost of goods sold $ ofectater Attempts unlimited subunit Answer tv NG 3 4 9 5