The Net Cost of Merchandise Inventory Purchased ________

question 5

Multiple Choice

The net cost of merchandise inventory purchased ________.

• A) includes freight out
• B) excludes freight in
• C) excludes purchase allowances
• D) represents the actual cost of merchandise purchased

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Definitions:

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The processes and services involved in moving goods and products from their origin to their destination, using various modes of transport such as trucks, ships, and trains.

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