4 Which of the following would not be included in ending inventory of the seller? Goods out on consignment Goods shipped to customers, F.O.B. destination Goods purchased from suppliers, F.O.B. shipping point Goods held on consignment

Goods out on consignment wouldn't be included in the seller's ending inventory because they still belong to the seller until sold by the consignee. It's like lending your favorite book to a friend, but you still own it until they decide to keep it! On the flip side, goods shipped to customers, F.O.B. destination, are not included either since ownership transfers only when the goods arrive at the customer’s location. Think of it as sending a gift—until it’s in the recipient’s hands, it’s still yours!