The list of items that may or may not be reported as inventory in a company's December 31 financial position is presented below. Indicate which of these items would typically be reported as inventory in the financial statements. If an item is not reported as inventory, indicate how it should be reported in the financial statements.

1. Goods out on consignment at another companys store.

2. Goods sold on an installment basis (bad debts can be reasonably estimated).

3. Goods purchased f.o.b. shipping point that is in transit at December 31.

4. Goods purchased f.o.b. destination that is in transit at December 31.

5. 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.

6. Goods sold where substantial returns are predictable.

7. Goods sold f.o.b. shipping point that is in transit at December 31.

8. Freight charges on goods purchased.

9. Interest costs incurred for inventories that are routinely manufactured.

10.Costs incurred to advertise goods held for resale.