Inventory in transit from the audit client to one of its customers should be excluded from client’s year-end inventory if the goods were shipped prior to year-end and the transportation terms were • FOB shipping point. • Neither FOB shipping point or FOB destination. • FOB destination • Either FOB shipping point or FOB destination

Inventory in transit from the audit client to one of its customers should be excluded from client’s year-end inventory if the goods were shipped prior to year-end and the transportation terms were

·        FOB shipping point.

·        Neither FOB shipping point or FOB destination.

·        FOB destination

·        Either FOB shipping point or FOB destination

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