In Interim statements 2 - Goods in transit are included in inventory 3 - physical counts of Inventory 4 The consistency principle 5- Management must include ? when accounting for inventory 6 - During a period of steadily falling prices , which inventory cost flow assumption results in reporting the lowest net income ? 7 - The merchandise turnover ratio? 8- Toys ' R" itd had cost of goods sold of I booomillion ending inventory of $ 2500 million , and average inventory of stereo million. The merchandise turnover is 9 - Merchandise inventory include ? 10 - The principle of faith full representation ? 14 - Generally accepted accounting principles require that the inventory of a company be repotested at? 12 - A form attached to the counted items in the process of taking a physical inventory is an