Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Oct 2017 My Price 5.00

Dive Shop.

Problem 3-23      Identifying freight costs

Required

For each of the following events, determine the amount of freight paid by The Dive Shop. Also indicate whether the freight cost would be classified as a product or period (selling and adminis- trative) cost.

a.     Purchased merchandise inventory with freight costs of $1,400. The merchandise was shipped FOB destination.

b.     Shipped merchandise to customers, freight terms FOB destination. The freight costs were $300.

c.     Purchased inventory with freight costs of $500. The goods were shipped FOB shipping point.

d.     Sold merchandise to a customer. Freight costs were $800. The goods were shipped FOB shipping point.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Oct 2017 05:10 PM My Price 5.00

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