Freight Costs Incurred By The Seller On Outgoing Inventory Essay Paper
Question
Freight costs incurred by the seller on outgoing inventory are called freight-out. Select one: True False
Expert Answer
This solution was written by a subject matter expert. It’s designed to help students like you learn core concepts.
Step-by-step
1st step
All steps
Answer only
Step 1/2
Period costs is the freight costs incurred by the producers when they transfer to the customers.
Step 2/2
True. The freight costs incurred by the producer while it shipping products to customers is recorded as freight out and are not included in products costs.
Final answer
Thus, the statement is true since freight costs incurred by the seller on outgoing inventory are called freight-out.
Freight Costs Incurred By The Seller On Outgoing Inventory Essay Paper