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Eurrent Attempt in Progress Peete Company identifies the following items for possible inclusion
in the physical inventory. Indicate whether each item should be included or excluded from the
inventory taking (a) 900 units of inventory shipped on consignment by Peete to another
company, (b) 3,000 units of inventory in transit from a supplier shipped FOB destination. (c)
1200 units of inventory sold and in transit. shipped FOB shipping point. (d) 500 units of
inventory held on comignment from another company.

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