not sure on answers. Its either Record as cogs, include in inventory or not include in inventory.

Goods out on consignment at another business. Include in inventory Goods sold f.o.b shipping point that are in transit at December 31. Record as Cost of Goods Sold Goods purchased f.o.b. shipping point that are in transit at December 31. Include in inventory Freight costs incurred on inventory purchased during December. Include in inventory Interest cost on routine purchases of inventory. Exclude from inventory Inventory on the shipping dock awaiting customer delivery instructions Include in inventory Goods shipped to a customer f.o.b destination in transit on December 31. Record as Cost of Goods Sold v Goods sold to a customer f.o.b. shipping point in transit on December 31. Record as Cost of Goods Sold Goods received on consignment. Exclude from inventory Insurance cost included on invoice for goods received December 27. Record as Cost of Goods Sold