QUESTION 22 I merchandise in trout at the end of the year was shipped Foe Shipping Point there The seller seal ownership of the merchandise is delivered to the buyer No one has mal ownership of the merchandise while the merchandise is in trans The buyer has legal ownership of the merchandise as soon as it is shipped by the seller Both the seller and the buyer have legal ownership of the merchandise what is in transit QUESTION 23 Big Red Sports, Inc. uses the periodic inventory system. Details for the inventory account for the month of December are as follows er Cou Balance Det 0 $.00 Purchase, Dec 15 1 50 35.40 Purchase, Dec 28 250 50 Big Red Sports, in the Weighted Avere.Com Assumption, what is the cost of the ending inventory for the 10 rison and Al Dec. 31 an inventory physical count showed that 150 units were on hand as of Dec. 317 round to the nearest dollar) $800 5613 5770 $840