How do freight costs under FOB Shipping Point terms affect the balance sheet of the buyer?

A company buys 200 units at \$10 each under FOB Shipping Point terms. The freight cost is \$100. What is the total inventory value?

A company purchases goods under FOB Shipping Point terms. The goods cost \$1,000, and the freight cost is \$50. How should the company record the freight cost?

In a perpetual inventory system, how are freight costs treated when the buyer is responsible for them?

What are freight costs in the context of inventory management?

A company purchases inventory for \$3,000 and incurs a freight cost of \$150 under FOB Shipping Point terms. What is the correct journal entry?

A company purchases goods for \$8,000 under FOB Shipping Point terms with a freight cost of \$300. Later, they sell the goods for \$10,000 under FOB Destination terms, incurring a freight cost of \$250. What is the total cost of goods sold?

A company purchases goods for \$5,000 under FOB Shipping Point terms with a freight cost of \$200. Later, they sell the goods for \$7,000 under FOB Destination terms, incurring a freight cost of \$150. What is the total cost of goods sold?

A company purchases 300 units at \$8 each under FOB Shipping Point terms. The freight cost is \$60. What is the total inventory value recorded?

Under FOB Destination terms, when does the ownership of goods transfer from the seller to the buyer?