6 5: Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods Business LibreTexts
This means that the shipping costs stay with theinventory until it is sold. The cost principle requires thisexpense to stay with the merchandise as it is part of getting theitem ready for sale from the buyer’s perspective. The shippingexpenses are held in inventory until sold, which means these costsare reported on the balance sheet in […]