4 Goods on order from a supplier Revenue Inventory O Depends on Shipping term if it is FOB Destionation or FOB Shipping point O Not Inventory Question 5 Sold goods not yet shipped to the customer Inventory O Not Inventory O Since the performance obligation is not satisfied and not shipped yet then Sales can not be recognized therefore it is not inventory O Equity Question 6 Goods in transit from a supplier, F.O.B. shipping point O Not Inventory O None of the above. O Inventory O Revenue