Explain the difference between the terms FOB shipping point and FOB destination.

Explain the difference between the terms FOB shipping point and
FOB destination.

Leah Clement believes that the allocation of cost of goods
available for sale should be based on the actual physical fl ow of
the goods. Explain to Leah why this may be both impractical and
inappropriate.

What is the major advantage and the major disadvantage of the
specific identification method of inventory costing?