Question

True or false. freight charges associated with the purchase of inventory are normally included in inventory...

True or false. freight charges associated with the purchase of inventory are normally included in inventory cost
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer-------------True.

.

The Freight charges on purchase of inventory is added to the cost of inventory. The cost is added to inventory no matter what inventory valuation method is used.

Freight on purchase, storage of inventory, carrying of inventory are all part of inventory cost.

Add a comment
Know the answer?
Add Answer to:
True or false. freight charges associated with the purchase of inventory are normally included in inventory...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT