For goods sold FOB shipping point, ownership of the inventory is passed when the
A) inventory arrives at the destination
B) purchase order for the inventory is complete
C) inventory is shipped to the buyer
D) inventory sold is segregated from the seller's other inventory

Question

Quizplus · Accepted Answer

FOB shipping point means that ownership of the inventory is passed to the buyer when the inventory is shipped. Therefore, the correct choice is C - inventory is shipped to the buyer.

For Goods Sold FOB Shipping Point, Ownership of the Inventory