When is the account Freight-in included in the closing entries of a merchandising company that uses a perpetual inventory system?  NeverFreight-in is a cost of inventory rather than an expense Freight-in is an expense for companies using the perpetual inventory system, therefore part of closing entries. Only when a Freight-in cost is incurred. AlwaysFreight-in is an expense incurred to operate a merchandising company

Answer rating: 100% (QA)

Freightin is typically included in the closing entries ... View the full answer