fill in the blank question\nshow your understanding of the ownership of goods in transit by completing the…

fill in the blank question\nshow your understanding of the ownership of goods in transit by completing the following statement.\nif goods are shipped fob shipping point, then the (buyer/seller) is responsible for paying freight charges and the (purchaser/seller) will not include the merchandise in their inventory.\nneed help? review these concept resources.\nread about the concept

fill in the blank question\nshow your understanding of the ownership of goods in transit by completing the following statement.\nif goods are shipped fob shipping point, then the (buyer/seller) is responsible for paying freight charges and the (purchaser/seller) will not include the merchandise in their inventory.\nneed help? review these concept resources.\nread about the concept

Answer

Brief Explanations:

When goods are shipped FOB (Free On Board) shipping point, the ownership of the goods transfers from the seller to the buyer at the shipping point. So, the buyer is responsible for paying freight charges as they now own the goods during transit. And the seller, since they have transferred ownership, will not include the merchandise in their inventory anymore.

Answer:

buyer; seller