Goods in transit are included in a purchaser's inventory: Multiple Choice At any time during transit If the goods are shipped FOB shipping point When the supplier is responsible for freight charges. If the goods shipped FOB destination. are After the half-way polnt between the buyer and seller. Consignment goods are: Multiple Choice Goods shipped by the owner to the consignee who sells the goods for the owner Reported in the consignee's books as inventory Goods shipped to the consignor who sells the goods for the owner Not reported in the consignor's Inventory since they do not have possesslon of the Inventory Always pald for by the consignee when they take possession.
