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  3. Study Set
    Financial Accounting Information for Decisions Study Set 3
  4. Exam
    Exam 4: Reporting and Analyzing Merchandising Operations
  5. Question
    A Buyer Using a Perpetual Inventory System Records the Costs
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A Buyer Using a Perpetual Inventory System Records the Costs

Question 73

Question 73

True/False

A buyer using a perpetual inventory system records the costs of shipping merchandise it purchases FOB shipping point in the Merchandise Inventory account.

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