Which one of the following should be included in Camden's inventory at December 31, 2010?
A) Goods shipped FOB shipping point on December 31, 2010, from Camden to a customer.
B) Goods in the Camden's warehouse on December 31, 2010, waiting to be shipped to a customer.
C) Goods ordered from one of Camden's suppliers on December 31, 2010, shipped FOB destination on December 31, 2010, which arrived January 2, 2011.
D) Goods sold and shipped to a customer on December 31, 2010, terms FOB destination, which were delivered on December 31, 2011.
Correct Answer:
Verified
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