While goods purchased FOB destination, and shipped by train and then truck, are in transit, the goods should be included in the inventory of the

Question

Quizplus · Accepted Answer

When goods are purchased FOB (Free On Board) destination, the title and risk of loss pass from the seller to the buyer only when the goods reach the buyer's location. Therefore, until the goods reach the destination, they are included in the seller's inventory.

While Goods Purchased FOB Destination, and Shipped by Train and Then