Satoor,Inc. Satoor,Inc. ,which uses a periodic inventory system,purchased merchandise from Taye Company on July 7,2013,for $15,000.The credit terms were 1/10,n/30.The goods were shipped FOB shipping point on July 7,2013.Satoor,Inc.received the merchandise on July 10 and paid the amount due on July 15.
-Refer to the information provided for Satoor,Inc.Who is responsible for payment of the transportation costs on the merchandise sold?

Question

Quizplus · Accepted Answer

Since the goods were shipped FOB shipping point, the buyer (Satoor, Inc.) is responsible for the transportation costs.