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Peosta Company identifies the following items for possible inclusion in the taking of a physical inventory

Business

Peosta Company identifies the following items for possible inclusion in the taking of a physical

inventory. Indicate whether each item should be "Included" or "Not Included" from the inventory taking.

(a) Goods shipped on consignment by Peosta to another company.

(b) Goods in transit from a supplier shipped FOB destination.

(c) Goods sold but being held for customer pickup.

(d) Goods held on consignment from another company.

Option 1

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