Accounting - Unit 3 Milestone
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Charlie's order of shoes is the freight at the manufacturer's warehouse in Hong Kong, 
and he has agreed to the FOB shipping point method. 
Who owns the freight when the shoes are at the Hong Kong loading docks, ready to be 
shipped to New York? 
correct answer- Charlie 
Units Available for Sale: 600 
Total Cost: $240,000 
Ending Inventory 
- Units sold in December: 200 
- Units on Hand: 400 
Cost of Goods Sold: _________ 
Using the FIFO method and the information in this image, what is ...
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Accounting - Unit 3 Milestone•Accounting - Unit 3 Milestone
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Charlie's order of shoes is the freight at the manufacturer's warehouse in Hong Kong, 
and he has agreed to the FOB shipping point method. 
Who owns the freight when the shoes are at the Hong Kong loading docks, ready to be 
shipped to New York? 
correct answer- Charlie 
Units Available for Sale: 600 
Total Cost: $240,000 
Ending Inventory 
- Units sold in December: 200 
- Units on Hand: 400 
Cost of Goods Sold: _________ 
Using the FIFO method and the information in this image, what is ...