current attempt in progress\ngoods in transit should be included in the inventory of the buyer when the\n○…

current attempt in progress\ngoods in transit should be included in the inventory of the buyer when the\n○ terms of sale are fob destination.\n○ public carrier accepts the goods from the seller.\n○ goods reach the buyer.\n○ terms of sale are fob shipping point.

current attempt in progress\ngoods in transit should be included in the inventory of the buyer when the\n○ terms of sale are fob destination.\n○ public carrier accepts the goods from the seller.\n○ goods reach the buyer.\n○ terms of sale are fob shipping point.

Answer

Brief Explanations:

  • FOB (Free - On - Board) shipping point: When the terms of sale are FOB shipping point, the ownership of the goods transfers from the seller to the buyer at the shipping point (when the goods are loaded onto the carrier at the seller's location). So, goods in transit under FOB shipping point terms belong to the buyer.
  • FOB destination: Here, ownership transfers when the goods reach the buyer's destination. So, in - transit goods under FOB destination belong to the seller.
  • Goods reach the buyer: This is similar to FOB destination in terms of when ownership (and thus inventory inclusion for the buyer) occurs.
  • Public carrier accepts goods from the seller: This is not a standard determinant of inventory inclusion for the buyer. It depends on the FOB terms.

Answer:

terms of sale are FOB shipping point.