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16. We use the perpetual inventory method and are billed for new inventory with the terms FOB destination. Total freight costs amount to $100. Based

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16. We use the perpetual inventory method and are billed for new inventory with the terms FOB destination. Total freight costs amount to $100. Based on this information we should: a. Debit Freight Expense $100 b. Debit Transportation-in for $100 c. Debit merchandise Inventory for $100 d. Do nothing as we are not responsible for the freight cost

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