Your answer is correct.

Peete 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.

(a)900 units of inventory shipped on consignment by Peete to another company.

Select between included or excluded from the inventory taking

Excluded

Included

(b)3,000 units of inventory in transit from a supplier shipped FOB destination.

Select between included or excluded from the inventory taking

Excluded

Included

(c)1,200 units of inventory sold but being held for customer pickup.

Select between included or excluded from the inventory taking

Included

Excluded

(d)500 units of inventory held on consignment from another company.