s in Transit The Cardinal Wholesale Company sells merchandise to a variety of retailers. CarL1 p6-6A. nol uses different freight terms with its various customers and suppliers. All sales are made on account. Required ach of the following transactions, indicate which company has ownership of the goods in transit: Cardinal sold merchandise to X-Mart Stores, with shipping terms of FO.B. shipping point. Cardinal purchased merchandise from Zendo Manufacturing Company, with shipping terms o FO.B. destinatic a. b. c Cardinal sold merchandise to Mary's Boutique, with shipping terms of F.O.B. destination. d. Sunshine Manufacturing Company sold merchandise to Cardinal, with shipping terms of FO.B. shipping point. Cardinal purchased merchandise from Warfield Manufacturing Company, with freight terms of FO.B. shipping point. e. f Stevenson Stores purchased merchandise from Cardinal, with shipping terms of FO.B. shipping point