Beyer Company Bought Inventory FOB Shipping Point from Sellar Company

Multiple Choice

Beyer Company bought inventory FOB shipping point from Sellar Company for $4,000 cash,including shipping charges.On December 31,the last day of the accounting year,the goods were on a truck owned by Common Carrier,Inc.,and not expected to arrive until January 3.Which company should include these goods in its December 31 inventory?

A) Beyer should include the $4,000 in its inventory
B) Beyer owns the inventory, but Common Carrier has possession of it. Each of them should include half of the inventory, $2,000 each
C) Common Carrier should include the $4,000 in its inventory, since the inventory is on its truck
D) Beyer owns the inventory, but Common Carrier has possession of it. Neither of them can include the $4,000 in its December 31 inventory