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PART A Scanlon Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping...

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Accounting

PART A Scanlon Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets are shipped on December 26, Year4 and arrive at Avon on January 3, Year5. The widgets should be included in Avons inventory valuation at 12/31/Year4.

True or False?

PART B Scanlon Company sells 1,000 widgets to Avon Inc. for $14 each, FOB shipping point. The widgets are shipped on December 26, Year4 and arrive at Avon on January 3, Year5. Scanlon Company is responsible for the freight charges.

True or False?

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