Consignment goods are:

A) Goods shipped by the owner to the consignee who sells the goods for the owner.
B) Reported in the consignee's books as inventory.
C) Goods shipped to the consignor who sells the goods for the owner.
D) Not reported in the consignor's inventory since they do not have possession of the inventory.
E) Always paid for by the consignee when they take possession.

Consignment Goods

Goods that are given to a third party to sell, but ownership remains with the supplier until the goods are sold.

Consignee

A consignee is the individual or entity to whom goods are shipped to be sold or cared for, but the ownership of those goods remains with the consignor until sold.

Inventory Reporting

The process of documenting the quantity and value of a company's stock of goods.