Abercrombie & Fitch Co. reported the following in its financial statement notes.Ending inventory balances were $427.0 million, $679.9 million, and $464.6 million at February 2, 2013;January 28, 2012; and January 29, 2011, respectively. These balances included inventory in transitbalances of $34.8 million, $103.1 million, and $55.0 million at February 2, 2013; January 28, 2012; andJanuary 29, 2011, respectively. Inventory in transit is considered to be all merchandise owned byAbercrombie & Fitch that has not yet been received at an Abercrombie & Fitch distribution center.Was the inventory in transit sold to Abercrombie & Fitch as FOB shipping point or FOB destination?

Question

Abercrombie & Fitch Co. reported the following in its financial statement notes.
Ending inventory balances were $427.0 million, $679.9 million, and $464.6 million at February 2, 2013;
January 28, 2012; and January 29, 2011, respectively. These balances included inventory in transit
balances of $34.8 million, $103.1 million, and $55.0 million at February 2, 2013; January 28, 2012; and
January 29, 2011, respectively. Inventory in transit is considered to be all merchandise owned by
Abercrombie & Fitch that has not yet been received at an Abercrombie & Fitch distribution center.
Was the inventory in transit sold to Abercrombie & Fitch as FOB shipping point or FOB destination?

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