Accounting Voucher System? Vs Accounting For Inventories…?

In chapter five of my accounting book it states that goods in transit are recorded as merchandise inventory. However under a voucher system the obligation to pay does not arrive until an invoice approval is made. However an invoice approval is issued after goods have been received. And since an invoice approval is the step required before recording obligation then would we ever need to account for merchandise in the books that is currently in transit?
Or am I looking at the goods in transit wrong, and we are simply keeping their cost in inventory until they reach their destination…if we are the seller.

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