Q Search 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 inventory. indicate how it should be reported in the financial statements. 1 2 3 4 6 7 8 10 11 12 13 14 15. 16 17 18 Goods out on consignment at another company's store Goods sold on an installment basis (bad debts can be reasonably estimated). Goods purchased to b. shipping point that are in transit at December 31. Goods purchased fo.b. destination that are in transit at December 31. Goods sold to another company, for which our company has signed an agreement to repurchase at a set price that covers all costs related to the inventory. Goods sold where large returns are predictable Goods sold fob, shipping point that are in transit at December 31 Freight charges on goods purchased. Interest costs incurred for inventories that are routinely manufactured Costs incurred to advertise goods held for resale. Materials on hand not yet placed into production by a manufacturing firm. Office supplies. Raw materials on vihich a manufacturing firm has started production but which are not completely processed Factory supplies Goods held on consignment from another company Costs identified with units completed by a manufacturing firm but not yet sold. Goods sold fo.b, destination that are in transit at December 31 Short-term investments in stocks

and bonds that will be resold in the near future. eTextbook and Media Item in Financial Statement Inventory Financial Statement Not Reported 1000000000 Assistance Used D TE

Presented below is a list of itams that may or may not be reported as imventory 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 imentory. indicate how it should be reported in the financial statements