27. If the shipping terms are FOB destination, then goods are included in the buyers inventory after arrival at the destination.

True or False

31. The physical flow and cost flow of goods does not have to be the same; the exception is when the specific identification method is used.

True or False

33. A company's total cost of inventory was $329,000 and its net realizable value is $307,000. Applying lower cost or market, the amount reported should be $329,000.

True or False