Freight in should be added to the inventory account if the company uses the perpetual inventory method.

Name: Freight in should be added to the inventory account if the company uses the perpetual inventory method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a perpetual inventory system, all costs associated with purchasing inventory, including freight in, are added to the inventory account. This allows for a more accurate and up-to-date inventory valuation.

Freight in Should Be Added to the Inventory Account If