Under the perpetual system, freight costs incurred by the buyer for the transporting of goods is recorded in

Name: Under the perpetual system, freight costs incurred by the buyer for the transporting of goods is recorded in
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Quizplus · Accepted Answer

Under the perpetual system, freight costs incurred by the buyer for transporting goods are added to the cost of inventory, not recorded as an expense. This is because these costs are considered necessary to bring the inventory to its intended location and condition for sale.

Under the Perpetual System, Freight Costs Incurred by the Buyer