Asked by
jason dhillon
on Nov 12, 2024
Verified
Freight is considered a cost of inventory under FOB shipping point.
FOB Shipping Point
A term indicating that the buyer takes ownership and pays for transportation costs once the goods leave the seller’s premises.
Inventory Cost
The total cost associated with purchasing and producing the inventory a business holds, including the costs of materials, labor, and overhead.
- Master the methodology behind determining and communicating the costs associated with goods sold and inventory.
Verified Answer
DI
Learning Objectives
- Master the methodology behind determining and communicating the costs associated with goods sold and inventory.
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