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Question 1 (1 point) ~/ Saved In the following situation, who owns the inventory while it is in transit? You sell inventory with shipping terms FOB destination. Inventory cost $2,670. 0 1) neither the seller nor the buyer 0 2) the seller 0 3) both the seller and the buyer @ 4) the buyer In the following situation, who owns the inventory while it is in transit? You shipped inventory worth $3,670 to a customer, shipping terms FOB destination. 0 1) both the seller and the buyer 0 2) the buyer 0 3) the seller 0 4) neither the seller nor the buyer In the following situation, who owns the inventory while it is in transit? You are the buyer, shipping terms are FOB shipping point and the cost of inventory was $2,750. 0 1) neither the seller nor the buyer 0 2) the buyer 0 3) both the seller and the buyer 0 4) the seller In the following situation, who owns the inventory while it is in transit? You sell inventory with shipping terms FOB shipping point. The cost of the inventory was $3,500. 0 1) both the seller and the buyer 0 2) the buyer 0 3) the seller 0 4) neither the seller nor the buyer The information below reflects all the inventory transactions for one month. June 01 - Balance 220 units @ $10 each June 11 - Purchased 440 units @ $9 each June 14 - Sold 330 units for $20 each June 20 - Purchased 220units @ $8 each June 27 - Sold 395 units for $20 each The value of the inventory at the end of the month is :l'v Enter digits only, no dollar signs, commas, or decimal points