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 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 Item in Financial Statement Financial Statement 1 Goods out on consignment at another company's store. Goods sold on an installment basis bad debts can be reasonably estimated Goods purchased to shipping point that are in transit at December 31. Goods purchased a destination that are in transit at December 31 Goods sold to another company for which our company has signed an agreement to repurchase atase price that covers all costs related to the inventory 7. Goods sold where large returns are predictable Goods sold to shipping point that are in transit at December 31 Freight charges on goods purchased 9. Interest costs incurred for inventories that are routinely manufactured 10 Cacts incurred to advertise d for resale. 11. Material on hand not vetplaced into production by a m a turing them 12. Office supplos 13. Raw materials on which a manufacturing firm has started production but which are not completely processed 14 Factory supplies. Goods held on consignment from another company. 15. 16. Costs identified with units completed by a manufacturing 17. Goods sold to.b.destination that are in transit at December 18. Short-term investments in stocks and bonds that will bere