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  3. Study Set
    Intermediate Accounting Study Set 9
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
  5. Question
    Freight Charges on Goods Purchased Are Considered a Period Cost
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Freight Charges on Goods Purchased Are Considered a Period Cost

Question 43

Question 43

True/False

Freight charges on goods purchased are considered a period cost and therefore are not part of the cost of the inventory.

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