Asked by
Nanci Pfarr
on Nov 15, 2024
Verified
Freight-in is:
A) a Cost of Selling Goods.
B) a Cost of Purchasing Goods.
C) recorded as an Operating Expense.
D) a Selling Expense.
Freight-in
The cost of transporting goods into a firm, usually considered part of the inventory cost.
Cost of Selling Goods
The total expense directly incurred from the production or purchase of items sold by a business.
- Master the calculation process of the Cost of Goods Sold and distinguish its constituent parts.
Verified Answer
MB
Learning Objectives
- Master the calculation process of the Cost of Goods Sold and distinguish its constituent parts.