Freight in cost is transportation in expense incurred while purchasing the inventory. This is an inventoriable cost to be added in inventory account. However, the same is recorded in temporary account to be updated in Inventory account at end of period in Periodic Inventory System. Account to be debited for recording the Freight inward paid during the purchase of Inventory in case of Periodic Inventory System.

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Chapter 5, Problem 27BRQ

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Freight in cost is transportation in expense incurred while purchasing the inventory. This is an inventoriable cost to be added in inventory account. However, the same is recorded in temporary account to be updated in Inventory account at end of period in Periodic Inventory System.

Account to be debited for recording the Freight inward paid during the purchase of Inventory in case of Periodic Inventory System.

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