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)

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)

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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?

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