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  • May 21, 2007, 05:54 PM
    tiffles9
    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
  • Jul 9, 2007, 06:43 PM
    jpstanimirovic
    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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