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Shellan Kamp 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.
1. Goods shipped on consignment by Shellan Kamp to another company.
2. Goods in transit from a supplier shipped FOB destination.
3. Goods shipped via common carrier to a customer with terms FOB shipping point.
4. Goods held on consignment from another company.
Infant Car Seats
Specialized seats designed to protect infants during vehicle transportation by providing restraint and impact protection.
Safety Rating
An assessment or measurement of the safety features and performance of vehicles, equipment, or facilities, often used to guide consumer choices.
Statistic
A numerical characteristic or measure derived from a sample of data.
Room And Board
A term used to describe a situation where lodging and meals are provided together as a package, often in colleges or similar institutions.
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