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Exercise 6-1 Inventory ownership LO C1 1. At year-end, Barr Co. had shipped $12.500 of merchandise FOB destination to Lee Co. Which company should Include the $12,500 of merchandise in transit as part of Its year-end inventory? O Barr Co. O Lee Co. 2. Parris Company has shipped $20.000 of goods to Harlow Co., and Harlow Co. has arranged to sell the goods for Parris. a. Identify the consignor. Parris Co O Harlow Co. b. Identify the consignee. O Harlow Co. O Parris Co. c. Which company should include any unsold goods as part of its inventory? O Parris Co. O Harlow Co