Presented below is a list of items that may or may not be reported as inventory in a company's December 31 balance sheet. Indicate where each item would be reported in the financial statements or not reported. If an item should not be reported as imventory. indicate how it should be reported in the financialstatements. 8. Freight charges on goods purchased. 9. Interest costs incurred for imventories that are routinely manufactured. 10. Costs incurred to advertise goods held for resale. 11. Materials on hand not yet placed into production by a manufacturing firm. 12 Otfice 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 a manufacturing firm but not yet sold. 17. Goods sold fo.b. destination that are in transit at December 31. 18. Short-term investments in stocks and bonds that will be resold in the near future