Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 8 - Valuation of Inventories: A Cost-Basis Approach - Concepts for Analysis - Instructions - Page 484: CA8-2b

Answer

Yes. Because the charges are considered part of money spent in acquiring the item.

Work Step by Step

In accounting, freight-in costs are considered an inventoriable expenditure because they are part of the price paid or the consideration given to acquire the asset.
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