In the following situation, who owns the inventory while it is in transit? Inventory worth $1,200 shipped from your supplier, shipping terms FOB destinatic 1) the buyer 2) neither the seller nor the buyer 3) both the seller and the buyer 4) the seller Question 2 (1 point) In the following situation, who owns the inventory while it is in transit? You, the seller, sold inventory with shipping terms FOB destination. The inventory cost $4,680. 1) the seller 2) both the seller and the buyer 3) the buyer 4) neither the seller nor the buyer QucJUNTO PUM) In the following situation, who owns the inventory while it is in transit? As a buyer you ordered inventory with terms FOB shipping point. The cost of inventory was $5,340. 1) the seller 2) neither the seller nor the buyer 3) the buyer 4) both the seller and the buyer In the following situation, who owns the inventory while it is in transit? You are the buyer, shipping terms are FOB shipping point and the cost of inventory was $2,750. 1) the seller 2) both the seller and the buyer 3) neither the seller nor the buyer 4) the buyer Question 5 (2 points) The information below reflects all the inventory transactions for one month. July 01 - Balance 190 units @ $10 each July 10- Purchased 380 units @ $9 each July 17- Sold 285 units for $20 each July 22- Purchased 190 units @ $8 each July 30- Sold 325 units for $20 each The value of the inventory at the end of the month is A Enter digits only, no dollar signs, commas, or decimal points