The itc company had the inventory situation to consider at January 31



1. Goods held on consignment for postoffice Etc since December 12
2. Goods shipped on consignment to Ranbutler holdings on January 5

Which of above should be included in inventory if not where it should be recorded

1. Goods held on consignment for postoffice Etc since December 12

Do NOT include this in inventory.


2. Goods shipped on consignment to Ranbutler holdings on January 5

Include this in inventory.