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I am going through consignment arrangements and from what I understand under F1 in Becker. consignment arrangements are typically when an entity controls a product and the dealer/distributor has no control. The entity can sell it to the end customer on the dealer’s request but has the right to ask for return. Under this concept, it seems like the entity is in possession of said goods and should include it in their inventory. But in F3, in the inventory chapter, it says the consignor possesses title to the goods and has risk of loss and therefore should include it in their inventory. The consignee is only responsible for shipping the goods to end customer. I apologize if I am confusing anyone but what am I missing here?
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