Perpetual Inventory - Freight Costs Video Lessons

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Problem: If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the a. Merchandise Inventory account will be increased. b. Merchandise Inventory account will not be affected. c. seller will bear the freight cost. d. carrier will bear the freight cost.

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Problem Details

If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the

a. Merchandise Inventory account will be increased.

b. Merchandise Inventory account will not be affected.

c. seller will bear the freight cost.

d. carrier will bear the freight cost.

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Our tutors rated the difficulty ofIf a purchaser using a perpetual system agrees to freight te...as medium difficulty.

What professor is this problem relevant for?

Based on our data, we think this problem is relevant for Professor Reinking's class at UCF.