BE6-1 Lazio Company, SpA identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether each item should be included or excluded from the inventory taking. (a) Goods shipped on consignment by Lazio to another company. (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 goods costing 200,000 were on hand. Not included in the physical count were 25,000 of goods purchased from Pelzer Corporation, FOB shipping point, and 22,000 of goods sold 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