Transportation-in is
A)an operating expense.
B)recorded as a purchases expense in a periodic inventory system.
C)added to transportation-out as part of the calculation of cost of goods sold.
D)part of cost of goods purchased.

Question

Quizplus · Accepted Answer

Transportation-in is part of the cost of goods purchased because it is a cost incurred to get the goods to the company's location and ready for sale. It is added to the cost of inventory and included in the calculation of cost of goods sold.

Transportation-In Is