Q6.6: niles industries is a merchandising company. it currently holds $6,000 in consignment goods for martin corporation. in addition, it has $4,000 in fob shipping point goods in transit to delta enterprises and $5,000 in fob destination goods in transit to troy manufacturing. finally, niles has $7,000 in fob destination goods in transit from gregg supply. for which group of goods does niles hold the title?

Niles holds the title for fob destination goods which includes the $5,000 in transit to troy manufacturing. Martin corporation holds the title for the $6,000 in consignment goods. Delta enterprises holds the title for the $4,000 in goods because title transitioned when the goods were shipped. Niles has does not have title to the $7,000 in goods from Gregg Supply because title does not transition until the goods are received by Niles.

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