1 point Manufacturing company and Merchandising company has the same classification for the inventory under the Balance Sheet." True False pont Goods in transit should be included in the inventory of the company that has legal title to the goods. This means, under the term FIB Shipping point when a purchased good is in transit, it should be reflected in the accounts of the buyer True False Acme Company completed its inventory count, arriving at a total inventory 1 point value of $50,000. The inventory manager informed the accountant that the inventory value calculated here contains goods held on consignment for Stark Corporation costing 59,000. This will lead to a decrease in the inventory value of $9.000.- True False