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

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
An entity purchased new machinery from a supplier before the entity’s year end....
Posted by:
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

Upvote (0) Views (1) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Haris Junaid , Senior Consultant , KPMG Lower Gulf

Shipping is the right answer

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

In a Construction company can we capitalize the cost incurred for purchasing a gas cylinder used for Welding ?
Top Answer: <p>Assets can be capitalized if its life(use) is consiting of more than1 financial year of economic ... See More

Answers (3)
The _ is the term used for all trading activities in securities that do not take place on an organized stock exchange?
Top Answer: :I think ,it’s it’s item A Over-the counter market See More

Answers (2)
All of the following statements concerning standard costs are correct except that ?
Top Answer: D. Standard costs are usually stated in total, while budgeted costs are usually stated on a per-unit basi ... See More

Answers (6)
Prime cost 500000 - variable manufacture overhead 200000 - fixed manufacture overhead 150000 - variable selling and other expenses 40000
Top Answer: Inventorial cost (Using Variable Costing) =Direct Materials + Direct Labor + Manufacturing Overheads. H ... See More

Answers (8)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.