What is consigned inventory? Select one: A. Goods that are shipped, but title remains with the seller B. Goods that are shipped, and title transfers to the buyer C. Goods that have been segregated for shipment to a customer D. Goods that are sold, but payment is not required until the goods are sold

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Business

Abel Johnston

28 December, 17:03

What is consigned inventory? Select one: A. Goods that are shipped, but title remains with the seller B. Goods that are shipped, and title transfers to the buyer C. Goods that have been segregated for shipment to a customer D. Goods that are sold, but payment is not required until the goods are sold

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Fisher Bernard · Answer 1

Goods that are shipped, but title remains with the seller.

Explanation:

Consigned inventory are goods that have been supplied to retailer's inventory, but the producer is still the owner of those goods in the inventory until they have been sold to final user.