Premier Office Supplies ("POS") is a distributer of office supplies and small equipment in Richmond, BC. All of their customers are other businesses, and they do not provide retail sales. You have been assigned to the audit of inventory for POS. Another associate from your audit team had attended the year-end inventory count on March 31, 2024 and did not note any material misstatements. You are working on auditing inventory in transit at year-end. The following information was obtained from the Controller at POS. - "We have a few key Canadian and US suppliers but we buy most of our stuff overseas. - Shipping terms for purchases are "Free-on-board shipping point" so we pay the freight and insurance until it gets here to our warehouse. - We just happen to have lots of goods in movement on the year end date (material balance) - It takes anywhere between 2-8 weeks to receive the goods but our freight carrier has been mostly reliable. - Most of our customers are in BC - we have a fleet of 8 delivery vans to deliver goods to customers. Shipping is always free. - Sometimes, our drivers are unable to make the delivery. For example