Shippers Ltd. had the following inventory situations to considerat January 31, its your end Identify which of the below items should be included in inventory. If an item should be included in inventory then choose "Inventory and If an item should not be included in inventory then state where it should be recorded. 1. Goods held on consignment for Boxes Unlimited since December 22. 2. Goods that are still in transit, shipped to a customer FOB destination on January 29. Inventory Cost of goods sold 3. Goods shipped on consignment to Rinehart Holdings Ltd. on Does not own goods January 5. Freight out 4. Freight costs due on goods in transit from item 2 above. 5. Goods that are still in transit purchased FOB destination from a supplier on January 25, 6. Goods that are still in transit purchased FOB shipping point from a supplier on January 25, 7. Goods that are still in transit, shipped to a customer FOB shipping point on January 29