question archive On December 31 2015 there were goods in transit to customers with terms FOB destination, amounting to $3,500 (expected delivery on January 4 2016)
Subject:BusinessPrice:2.88 Bought3
On December 31 2015 there were goods in transit to customers with terms FOB destination, amounting to $3,500 (expected delivery on January 4 2016). Because the goods had been shipped, they were excluded from the physical inventory count.
Is this a, no effect, add to inventory, or do not include in inventory?
Purchased 3 times