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Question 4 (1 point) In the following situation, who owns the inventory while it is in transit? As a seller you shipped to your customer
Question 4 (1 point) In the following situation, who owns the inventory while it is in transit? As a seller you shipped to your customer FOB shipping point. The cost of inventory was $9,750. 1) the seller 2) neither the seller nor the buyer 3) both the seller and the buyer 4) the buyer Question 5 (2 points) The information below reflects all the inventory transactions for one month. Sep. 01 - Balance 40 units @ $5 each Sep. 11 - Purchased 80 units @ $7 each Sep. 18 - Sold 60 units for $10 each Sep. 21 - Purchased 40 units @ $8 each Sep. 30 - Sold 75 units for $12 each The value of the inventory at the end of the month is . Enter digits only, no dollar signs, commas, or decimal points
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