Chapter 6 -Inventory & Cost of Goods Sold Directed Reading Worksheet tl: Show how to account for inventory 1. What two accounts do merchandisers have that service entities do not need? 2. The cost of the sold shifts from when the seller fulfills its contract with the customer, delivers the goods to the buyer and recognizes revenue. nu ie haced on the Swes Pole of the inventory sold. Cost of goods sold is 5. Companies include goods they hold on consignment in their inventory. True or false