Determining Point of Sale Florida Corporation has as a major customer, Portland Products, located in Portland, Oregon. Florida Corporation sells its products f.o.b.

shipping point and mails a bill to each customer on the day the product is shipped. The following action was by taken Florida Corporation on the last three orders received in 2000 from Portland Products:

The bill for the first shipment was received by Portland Products prior to December 31, 2000. Bills for the other shipments were received in early 2001.

a. What does it mean to sell f.o.b. shipping point?

b. Which orders should Florida Corporation include in its 2000 sales?

c. Which orders should Portland Corporation include in its 2000 purchases?

d. How would the answers to parts b and c change if the products were shipped f.o.b. destination?

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Order Number Date Shipped December 19, 2000 #63 #64 December 29, 2000 #65 January 2, 2001 Date Delivered December 28, 2000 January 4, 2001 January 7, 2001