Ladies Resale Is a consignment store that sells ladies used clothing. Dorothy May took clothes to the resale shop on December 15 to be sold on consignment. The clothes have not been sold as of December 31. Which company should include the inventory on its December 31 balance sheet?
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|3||Inventory Set Aside||Easy|
|4||Loss On Inventory||Easy|
|8||Calculating Operating Income||Hard|
|9||The Effect of Inventory Errors||Hard|
|1||The Multistep Income Statement||12:44|
|2||Gross Profit vs Net Profit||6:15|
|5||COGS and Inventory||2:57|
|6||Perpetual vs Periodic||7:10|
|10||Drawbacks to Periodic||6:07|
|13||FIFO and LIFO||20:17|
|14||Estimating with Gross Profit||7:23|