Which of the following would not be included in the merchandise inventory amount reported on X Company's balance sheet? Multiple Choice Items out on consignment to another company Items purchased from a supplier and en route directly to a customer of X Company, the term is FOB destination; invoice recelved but not yet paid Items shipped today FOB shipping point, invoice has been mailed to the customer Items in the receiving department of X Company, returned by the customer, Invoice has been mailed Purchase discounts should be reported as a(n): Multiple Choice Deduction from the purchase cost of the goods. Adjustment in full to the ending inventory amount Contra inventory account. Adjustment in full to cost of goods sold