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Question 2: Whitmore Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from

Question 2:

Whitmore Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking:

1. Goods shipped on consignment by Whitmore to another company.

2. Goods in transit from a supplier shipped FOB destination.

3. Goods held on consignment from another company.

i need explanation please

i

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