Which of the following costs would be capitalized as inventory for ABC Co.?

The cost of goods purchased from a supplier, who had a firm repurchase agreement in place to buy the inventory back at full price next month

The cost of goods purchased from a supplier with a repurchase option in place

The cost of goods owned by ABC but currently out on consignment in XYZs warehouse

The cost of shipping paid by ABC for inventory in transit sold to ABCs customers

The cost of insurance paid by ABC for inventory purchased by ABC currently in transit, FOB shipping point

The cost of inventory purchased by ABC currently in transit, FOB destination