Westcom Corporation's goods in transit at December 31 include (1) sales made FOB destination, (2) sales made FOB shipping point, (3) purchases made FOB destination, and (4) purchases made FOB shipping point.Which items should be included in Westcom's inventory at December 31?
A)(2)and (3)
B)(1)and (4)
C)(1)and (3)
D)(2)and (4)

Question

Quizplus · Accepted Answer

The Answer of Westcom Corporation's goods in transit at December 31 include (1) sales made FOB destination, (2) sales made FOB shipping point, (3) purchases made FOB destination, and (4) purchases made FOB shipping point.Which items should be included in Westcom's inventory at December 31?
A)(2)and (3)
B)(1)and (4)
C)(1)and (3)
D)(2)and (4)

Westcom Corporation's Goods in Transit at December 31 Include (1)