Question: Why does the closing entry for a merchandising company using a perpetual inventory system NOT include an entry for freight in? Select answer from the

Why does the closing entry for a merchandising company using a perpetual inventory system NOT include an entry for freight in? Select answer from the options below Freight in costs are deducted from the freight out costs. The freight in cost is part of the cost of inventory. Because freight in is included as a receivable. Any freight in cost is charged to the Purchases account

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