Question 1 InventoryOwnership LO1
You are in charge of the year-endinventory count for OMG Luggage’s December 31, 2017 year-end. OMGLuggage is known for their crazy luggage colours and designs.Determine whether to include orexclude the following items and explain why. IfOMG Luggage should include the inventory, determine the correctinventory cost.
Question Include or exclude? 1 2 3 Inventory Cost ($)
Question 1 Inventory Ownership LO1 You are in charge of the year-end inventory count for OMG Luggage’s December 31, 201
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