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Required For each of the following events, determine the amount of freight paid by The...

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Accounting

Required

For each of the following events, determine the amount of freight paid by The Box Company. Also indicate whether the freight cost would be classified as a product or period (selling and administrative) cost. (Select "NA" if there is no effect on the "Period/Product".)

Purchased inventory with freight costs of $650. The goods were shipped FOB shipping point.

Sold merchandise to a customer. Freight costs were $310. The goods were shipped FOB shipping point.

Purchased merchandise inventory with freight costs of $1,500. The merchandise was shipped FOB destination.

Shipped merchandise to customers, freight terms FOB destination. The freight costs were $520.
Event Freight Costs Paid Period/Product
a.
b.
c.
d.

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