Inventory in transit from vendor to the audit client should be added to the audit client’s physical inventory provided the goods were shipped prior to year-end and the shipping terms were • Should always be added regardless of the shipping terms. • FOB shipping point. • FOB destination. • Cannot be determined from the information given.

Inventory in transit from vendor to the audit client should be added to the audit client’s physical inventory provided the goods were shipped prior to year-end and the shipping terms were

·        Should always be added regardless of the shipping terms.

·        FOB shipping point.

·        FOB destination.

·        Cannot be determined from the information given.

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