Question 3 (1 point) In the following situation, who owns the inventory while it is in transit? You are the buyer, shipping terms are FOB destination and the cost of inventory was $950. 1) both the seller and the buyer 2) the seller 3) neither the seller nor the buyer 4) the buyer Question 4 (1 point) In the following situation, who owns the inventory while it is in transit? You, the buyer, bought inventory with shipping terms FOB shipping point. Inventory cost $975. 1) both the seller and the buyer 2) the seller 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 Dec. 01 - Balance 190 units @ $12 each Dec. 06 - Purchased 380 units @ $11 each Dec. 12 - Sold 285 units for $24 each Dec. 19 - Purchased 190 units @ $10 each Dec. 28 - Sold 325 units for $24 each The value of the inventory at the end of the month is A/ Enter digits only, no dollar signs, commas, or decimal points