Which of the following items does a manufacturing company include in its inventory account? (a) Goods in
Question:
(a) Goods in transit purchased FOB shipping point, invoice received,
(b) Raw materials,
(c) Goods out on consignment,
(d) Goods in transit sold to Breyer, Inc., shipped FOB destination,
(e) Manufacturing supplies.
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Related Book For 
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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