Which Goods in Transit Would Be Recorded in Inventory at Year

question 83

Multiple Choice

Which goods in transit would be recorded in inventory at year end?

• A)Goods purchased with terms F.O.B. destination point that were received after year end.
• B)Goods sold with terms F.O.B. shipping point that were shipped before year end.
• C)Goods purchased with terms F.O.B. shipping point that were received after year end.
• D)Goods sold with terms F.O.B. destination point that were shipped before year end.

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Definitions:

Moving Average

An analytical process in statistics where different segments of the entire data set are averaged to examine data points.

Week

A time period consisting of seven consecutive days.

Time Series

An array of data elements, usually made up of ongoing recordings measured throughout a specific duration.

Forecast Accuracy

The degree of closeness between predicted values and actual values in forecasting.