What is the justifi cation for including freight costs incurred in acquiring incoming goods in the cost

Question:

What is the justifi cation for including freight costs incurred in acquiring incoming goods in the cost of the inventory rather than simply treating the cost as an expense of the period? What is the signifi cance of this decision for accounting purposes?

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: