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-   -   Freight out and retail inventory method (https://www.askmehelpdesk.com/showthread.php?t=455421)

  • Mar 7, 2010, 02:25 PM
    Ghc318
    Freight out and retail inventory method
    Is freight-out at all included on the Retail Inventory Method under the cost or retail colums? I understand its an expense on the income statement and might be a reduction to sales but when finding inventory based on the Retail Method does it get included with the frieght-in costs, sales section, or is it not even a part of Retail Method?
  • Mar 8, 2010, 06:48 AM
    rehmanvohra

    Freight out is always considered as a selling expense and does not enter into calculation of inventory valuation applying retail method.

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