Match the Terms with the Descriptions Related to Merchandise Sales

Multiple Choice

Match the terms with the descriptions related to merchandise sales and purchases.
-Requires updating of the inventory account at the time of each purchase and each sale.

A) Transportation-in
B) Perpetual inventory system
C) Net purchasesd.
D) FOB Destination
E) Cost of goods available for sale
F) Periodic inventory system
G) FOB Shipping point
H) Delivery expense