Question: Required For each of the following events determine the amount of

Required
For each of the following events, determine the amount of freight paid by Cycle Parts House.
Also indicate whether the freight is classified as a product or period cost.
a. Purchased merchandise with costs of $500, FOB shipping point.
b. Sold merchandise to a customer. Freight costs were $800, FOB shipping point.
c. Purchased inventory with freight costs of $1,400, FOB destination.
d. Shipped merchandise to customers with freight costs of $300, FOB destination.

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  • CreatedApril 20, 2015
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