Question: Please describe how merchandise flows through both a Freight on Board (FOB) Destination and Freight on Board (FOB) shipping process. At a minimum, the following

Please describe how merchandise flows through both a Freight on Board (FOB) Destination and Freight on Board (FOB) shipping process.

At a minimum, the following must be included:

FOB destination must include:

- definition - history -costs - terms (ex. 1/15, n30) - When does ownership change hands? - Who covers shipping cost? - Journal entry that records a FOB shipping point transaction from purchase to delivery -one comprehensive real-life example

FOB shipping point must include:

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