A buyer using a perpetual inventory system records the costs of shipping merchandise it purchases in a Delivery Expense account.

Name: A buyer using a perpetual inventory system records the costs of shipping merchandise it purchases in a Delivery Expense account.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

In a perpetual inventory system, the costs of shipping merchandise purchased are typically added to the Inventory account, not recorded separately as a Delivery Expense.

A Buyer Using a Perpetual Inventory System Records the Costs