Which of the following is TRUE about freight in?
A)Freight in is a selling expense.
B)Freight in is deducted from Accounts payable.
C)Freight in is added to the cost of inventory.
D)Freight in is an operating expense.

Question

Quizplus · Accepted Answer

Freight in is the cost of transportation to bring items purchased into the company. It is added to the cost of inventory and becomes part of the cost of goods sold when the inventory is sold.

Which of the Following Is TRUE About Freight In