Question: 16. We use the perpetual inventory method and are billed for new inventory with the terms FOB destination. Total freight costs amount to $100. Based

16. We use the perpetual inventory method and are billed for

16. We use the perpetual inventory method and are billed for new inventory with the terms FOB destination. Total freight costs amount to $100. Based on this information we should: a. Debit Freight Expense $100 b. Debit Transportation-in for $100 c. Debit merchandise Inventory for $100 d. Do nothing as we are not responsible for the freight cost

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