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

To determine which items would not be included in the ending inventory of the seller, let's analyze each option based on the principles of inventory accounting: 1. **Goods out on consignment**: These are goods that the seller has sent to another party (the consignee) to sell on their behalf. The seller retains ownership of these goods until they are sold, so they would still be included in the seller's ending inventory. 2. **Goods shipped to customers, F.O.B. destination**: "F.O.B. destination" means that the seller retains ownership of the goods until they reach the customer. Therefore, these goods would still be included in the seller's ending inventory until they are delivered to the customer. 3. **Goods purchased from suppliers, F.O.B. shipping point**: "F.O.B. shipping point" means that ownership of the goods transfers to the buyer as soon as they leave the supplier's location. Since these goods are now owned by the buyer, they would not be included in the seller's ending inventory. 4. **Goods held on consignment**: These are goods that the seller is holding for another party (the consignor) and does not own. Since the seller does not own these goods, they would not be included in the seller's ending inventory. Based on this analysis, the items that would not be included in the ending inventory of the seller are: - **Goods purchased from suppliers, F.O.B. shipping point** - **Goods held on consignment** However, since the question asks for only one option, the most direct answer is: **Goods purchased from suppliers, F.O.B. shipping point**.