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1. Your company places the following orders and received shipping information given below. Indicate whether you have legal title to the goods and when the
1. Your company places the following orders and received shipping information given below. Indicate whether you have legal title to the goods and when the item will be included in your balance sheet on October 30. If you do not have legal title on October 30, indicate when you will include the items in inventory.
- Goods are shipped FOB destination October 26 received November 2.
- Goods are shipped FOB destination October 3 and received October 13.
- Goods are shipped FOB shipping point October 27 and received November 2.
- Goods are shipped FOB shipping point October 28 and received November 4.
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