Goods in transit shipped FOB shipping point should be included in the inventory of the
A) buyer
B) seller
C) shipping company
D) none of these

Name: Goods in transit shipped FOB shipping point should be included in the inventory of the A) buyer B) seller C) shipping company D) none of these
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods in transit shipped FOB (Free On Board) shipping point are considered to be in the inventory of the buyer because the ownership of the goods transfers to the buyer once the goods are shipped.

Goods in Transit Shipped FOB Shipping Point Should Be Included