Question: Identify items to be included in taking a physical inventory. BE6.1 (LO 1), C Peete Company identifies the following items for possible inclusion in the

 Identify items to be included in taking a physical inventory. BE6.1

Identify items to be included in taking a physical inventory. BE6.1 (LO 1), C Peete Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking. a. Goods shipped on consignment by Peete to another company. b. Goods in transit from a supplier shipped FOB destination. c. Goods sold but being held for customer pickup. d. Goods held on consignment from another company. Determine ending inventory amount

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