Match the Terms with the Definitions

Match the terms with the definitions.
-Goods that are held by one business for sale but that are owned by another business.

A) average cost
B) weighted-average method
C) consignee
D) consigned goods
E) specific identification method
F) retail method
G) cost
H) physical inventory
I) periodic inventory system
J) in transit
K) inventory sheet
L) natural business year
M) lower-of-cost-or-market method

Correct Answer:

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