goods in transit

Produktkosten-Controlling (CO-PC)

Goods that have been shipped to a customer.

When goods are shipped to a customer, the customer does not usually become the owner immediately. Until the point where the ownership of a good is transferred to the customer, it must continue to be shown in the supplier's balance sheet even though it is no longer physically present.

The value of goods in transit can be calculated in results analysis and capitalized in the balance sheet.