The account Freight-In accumulates the shipping costs to the seller.

Freight-In

Costs associated with bringing inventory to a business location, typically included in the inventory cost on the balance sheet.

Understand the importance of accurately documenting freight-in and its effects on the costs of merchandise inventory.

Verified Answer

Final Answer :

False

Explanation :

Freight-In accumulates the shipping costs to the buyer, specifically for inventory purchases.

Learning Objectives

Understand the importance of accurately documenting freight-in and its effects on the costs of merchandise inventory.