Which of the following is NOT used to determine the cost of net purchases?

Question

Quizplus · Accepted Answer

Freight-out refers to the cost of shipping goods out to customers and is not relevant to determining the cost of net purchases. The other options (B) Freight-in, (C) Purchase returns, and (D) Purchase discounts all affect the cost of net purchases. Freight-in refers to the cost of shipping goods in from suppliers, while purchase returns and purchase discounts both impact the final amount paid for the goods purchased.

Which of the Following Is NOT Used to Determine the Cost