Items included in computing inventories:

Goods out on consignment

Purchased goods(F.O.B Shipping Point)

Goods sold to another company(signed an agreement to repurchase)

Freight charges on goods purchased

Unsold factory labor cost

Materials on hand

Raw materials

Factory supplies

Finished goods

Goods sold(F.O.B. Destination)

Merchandise transferred to the delivery department

Goods in the hands of custom brokers

Goods on consignment with a customer