Westcom Corporation's Goods in Transit at December 31 Include (1)

question 60

Multiple Choice

Westcom Corporation's goods in transit at December 31 include (1) sales made FOB destination, (2) sales made FOB shipping point, (3) purchases made FOB destination, and (4) purchases made FOB shipping point.Which items should be included in Westcom's inventory at December 31?

• A)(2)and (3)
• B)(1)and (4)
• C)(1)and (3)
• D)(2)and (4)

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Definitions:

Poverty

The state of having insufficient financial resources or income to meet basic needs such as food, shelter, and clothing, resulting in a lower standard of living.

U.S. Economy

The economy of the United States, characterized by its high GDP, technological innovation, and diverse industrial base.

Manufacturing Jobs

Positions or employment in the production of goods, particularly through the use of labor, machines, tools, and chemical or biological processing or formulation.

Service Positions

Jobs primarily focused on providing services to individuals or businesses rather than producing goods, often involving direct interaction with customers.