Homework Chapter 6 1. Cost of consigned goods held from suppliers a. An inventory cost 2. A note to the financial statements explaining b. An assumption used in the valuation of inventory inventory policies c. Full Disclosure convention 3. Application of the LCM rule c. Full Disclosure convention 4. Goods flow d. Conservatism convention 5. Transportation charge for merchandise shipped e. Consistency convention FOBshippingpoint 6. Cost flow f. Not an inventory cost or an Assumed flow 7. Choosing a method and sticking with it 8. Transportation charge for merchandise shipped FOB destination