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Gears Ltd's goods in transit at December 31 include (1) purchases made FOB destination, (2) sales made FOB destination, (3) sales made FOB shipping point,

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Gears Ltd's goods in transit at December 31 include (1) purchases made FOB destination, (2) sales made FOB destination, (3) sales made FOB shipping point, and (4) purchases made FOB shipping point. Which items should be included in Gears Ldt's inventory at December 312 O (1) and (3) O (1) and (2) O (2) and (3) O (2) and (4) O None of the above

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