EX613-Glossary: Goods held for sale by one company, but legal title to the goods is retained by another company are defined as: EXEN2-Glossary: If goods are shipped EQD destination, then which of the following parties have legal title to the goods while they are in transt? A Finished Goods A Shipping company n Buyer s Consigned Goods c. Goods in Transit eller D. FOB shipping point o Both the buyer and the shipper include the goods in their inventory EX64: Glossary Delta Company sold goods to Miller Company on Dec 31. The goods arrived at Millers on Jan 5. Indicate the freight terms which would allow Delta to recognize the sales revenue on Dec 31. Exse5: Giossary Indicate whether Dets inc. has legal site (Yes or No) on December 31 to the inventory ms isted below in te order presented Goods heild on consigment for Knight Inc. since Dec 1 to EBT Ine 3. Goods shipped on consignment to Farley ine on Dec A FOB Destination B Consigned Goods c. FOB Shipping Point A NO and NO and YES B. YES and NO and NO o. Freight on Board c. YES and NO and YES o. NO and NO and NO Hw6r6: Dillard consigned $200,000 in goods to Big Lots who agreed to sell the items for a 25% commission. At the end of the accounting period, Big Lots have sold $175,000 of the goods. How much should Big Lots debit (credit) their inventory to account for the balance of consigned goods on hand? (2 points) Ryder's Company unaudited Ending Inventory as reported December 31, 2017 is $740.9 Comect A Dr. $25,000 to Big Lots' inventory. B. Cr.$175,000 to Big Lots' Inventory. c. No Journal Entry is required to Big Lots' Inventory. o. Dr. $200,000 to Big Lots' inventory Ryder's Comected Ending nventer