The freight cost on inventory items that are purchased FOB _ _ _ _ point will be an inventoriable cost. Hint :HIGNPSPI?

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An entity purchased new machinery from a supplier before the entity’s year end....
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Moataz Ali Sobhi
28-February-2015

Accounting Costing Inventory Accuracy Inventory Management Project Management

Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/10

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1 Answers

by Haris Junaid , Senior Consultant , KPMG Lower Gulf

Shipping is the right answer

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