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Question 4 Which goods in transit would be recorded in inventory at year end? Goods purchased with terms F . O . B . destination
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Which goods in transit would be recorded in inventory at year end?
Goods purchased with terms FOB destination point that were received after year end.
Goods sold with terms FOB shipping point that were shipped before year end:
Goods purchased with terms FOB shipping point that were received after year end.
Goods sold with terms FOB destination point that were shipped before year end
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