BE6-1 Lazio Company, SpA identifies the following items for possible inclusion in the Identify items to be included taking of a physical inventory. Indicate whether each item should be included or excluded in taking a physical from the inventory taking. (a) Goods shipped on consignment by Lazio to another company. imentory. (b) Goods in transit from a supplier shipped FOB destination. (c) Goods sold but being held for customer pickup. (d) Goods held on consignment from another company. BE6-2 Stallman Company took a physical inventory on December 31 and determined that Determine ending imventory goods costing 200,000 were on hand. Not included in the physical count were 25,000 of amount. goods purchased from Pelzer Corporation, FOB shipping point, and 22,000 of goods sold (LO 1) to Alvarez Company for 30,000,FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Stallman report as its December 31 inventory? BE6-3 In its first month of operations, Tatung Company made three purchases of mer- Compute ending imentoryusing chandise in the following sequence: (1) 300 units at NT\$180, (2) 400 units at NT\$210, and FIFO and avemak-cast. (LO2) 86 Inventories (3) 200 units at NT\$240. Assuming there are 420 units on hand, compute the cost of the ending inventory under the (a) F1FO method and (b) average-cost method. Tatung uses a periodic inventory system. (Round average unit cost to two decimal places.)