The net cost of merchandise inventory purchased ________.
A) includes freight out
B) excludes freight in
C) excludes purchase allowances
D) represents the actual cost of merchandise purchased

Question

Quizplus · Accepted Answer

The net cost of merchandise inventory purchased represents the actual cost of merchandise purchased, including all costs necessary to bring the inventory to its present location and condition, such as purchase price, freight in, and excluding purchase allowances and discounts.

The Net Cost of Merchandise Inventory Purchased ________