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Inventory shipped FOB shipping point and in transit on the last day of the year should be included in: a)the inventory balance of the seller.

Inventory shipped FOB shipping point and in transit on the last day of the year should be included in:

a)the inventory balance of the seller.

b)the inventory balance of the buyer.

c)neither the inventory balance of the buyer or the seller.

d) the inventory balance of the buyer and the seller.

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