Satoor, Inc. Satoor, Inc., which uses a periodic inventory system, purchased merchandise from Taye Company on July 7 for $15,000. The credit terms were 1/10, n/30. The goods were shipped FOB shipping point on July 7. Satoor, Inc. received the merchandise on July 10 and paid the amount due on July 15. Refer to the information provided for Satoor, Inc. When did title to the merchandise transfer from the seller to the buyer? a. July 15 b. July 7 c. July 10 d. Cannot be determined from the information provided