Present below is a list of items or may nor reported as inventory in a company's December 31 statement of financial statement.

Presented below is a list of items that may or may not be reported as inventory in a company's December 31 statement of financial statement. Indicate which of these items would typically be reported as inventory in the financial statements. If an item should not be reported as inventory, indicate how it should be reported in the financial statements. Select N/A if to be reported. Given information To be reported or not to be If not, how should it be reported reported? in the FS? Goods sold on an installment basis (bad debts can be [ Select ] [ Select ] reasonably estimated) Goods out on consignment at [ Select ] N/A another company's store Goods purchased FOB shipping point that are in transit at [ Select ] [ Select ] December 31 Goods purchased FOB destination that are in transit at [ Select ] [ Select ] December 31 Goods sold to another company, for which our company has signed an agreement to [ Select ] N/A repurchase at a set process that covers all costs related to the inventory Goods sold where large returns [ Select ] [ Select ] are predictable Goods sold FOB shipping point that are in transit at December [ Select ] [ Select ] 31 Freight charges on goods [ Select ] V [ Select ]