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M7-4 (Static) Reporting Inventory-Related Accounts in the Financial Statements [LO 7-2] For each of the following, indicate whether it would be reported on the balance

M7-4 (Static) Reporting Inventory-Related Accounts in the Financial Statements [LO 7-2] For each of the following, indicate whether it would be reported on the balance sheet (B/S), reported on the income statement (I/S), or not shown in the companys financial statements (Not).

a. Sales Revenue
b. Inventory (held on consignment)
c. Cost of Goods Sold
d. Inventory (out on consignment)

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