Which of the following statements is true regarding an organization's inventory valuation1?
The valuation will be incorrect it the inventory includes goods m transit shipped free on board (FOB) destination to another organization
The valuation will be correct if the inventory includes goods received on consignment from another organization
The valuation will be incorrect it the inventory includes goods in transit shipped FOB shipping point from another organization
The valuation will be correct it the inventory includes goods sent on consignment to another
organization
Submit