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    tiffles9's Avatar
    tiffles9 Posts: 3, Reputation: 1
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    #1

    May 21, 2007, 05:54 PM
    Perpetual inventory method
    Hello, could somebody please tell me which of the following statements is true under the perpetual inventory method?


    - Freight-In is subtracted from the inventory account
    - Freight-In is added to the inventory account
    - Freight-In is used only with the perpertual inveontory method
    -Freight-In is added to purchases in order to derive net purchases
    jpstanimirovic's Avatar
    jpstanimirovic Posts: 1, Reputation: 1
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    #2

    Jul 9, 2007, 06:43 PM
    Quote Originally Posted by tiffles9
    hello, could somebody please tell me which of the following statements is true under the perpetual inventory method?


    - Freight-In is subtracted from the inventory account
    - Freight-In is added to the inventory account
    - Freight-In is used only with the perpertual inveontory method
    -Freight-In is added to purchases in order to derive net purchases
    Perpetual method means we ad the freight to the inventory
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