Present below is the list of items that may or may not be reported as investment of items that may not be reported as inventory in a company's December 31 balance.

Indicate which of these items would typically be reported as inventory in the financial statements. If an item should not be reported as an inventory in financial statements. If an item should be reported in the financial statements

Item in financial statements Financial statements

1. Goods out on consignment at another company's store __________________________________ ___________________________

2. Goods sold on an installment basis (bad debts can be reasonable estimated) _____________________________________ ________________________

3.Goods purchased f.o.b shipping point that are in transit at december 31 __________________________________ __________________________

4.Goods purchased f.o.b destination that are in transit at December 31 _____________________________ __________________________

5. Goods sold to another company, for which our company has signed a agreement to re- ____________________________ __________________

purchase at a set price that covers all cost related to the inventory.

6.Goods sold where large returns are predictable. ____________________________ _____________________

7. Goods sold f.o.b shipping point that are in transit at December 31 _____________________________ _______________________

8. Freight charges on goods purchased ___________________________ _____________________

9.Interest cost incurred for inventories that are routinely manufacturing _____________________ ___________________

10. materials on hand not yet placed into production by manufacturing firm _____________________ _________________________

11. Cost incurred to advertise goods held for sale ______________________ ____________________

12. Office supplies _______________________ ___________________________

13. Raw materials on which a manufacturing firm has started production but which are not ____________________________ ____________________

completely processed.

14. Factory Supplies _________________________ ___________________________

15. Goods held on consignment from another company __________________________ ______________________________

16. Costs identified with units completed by manufacturing firm but not yet sold __________________________ ________________________

17. Goods sold f.ob destination that are in transit at December 31 ______________________ ________________________

18. Short term investments in stocks and bonds that will be resold in the near future ______________________ ____________________________-