15. Which of the following statements is true when merchandise is sold FOB shipping point? Freight Costs Title passes when are paid by merchandise is delivered to a. Buyer Buyer b. Seller Buyer c. Seller Freight carrier d. Seller Seller e. Buyer Freight carrier

16. Which of the following items should be included in a December 31 year-end physical inventory by Fantasia, Inc.? a. Goods sold but being held for customer pickup. b. Goods in transit from a supplier shipped FOB destination. c. Goods shipped on consignment by Fantasia, Inc. to another company. d. Goods sitting in Fantasias warehouse on December 31 that are being held on consignment from another company. e. None of the above.