Cost of Goods Sold includes:A) Freight-in.B) Freight-out.C) Supplies Expense.D) Sales Discounts.

Question

Cost of Goods Sold includes:A)  Freight-in.B)  Freight-out.C)  Supplies Expense.D)  Sales Discounts.

Mohmed Barrie · Accepted Answer

Final Answer : A, Explanation :  Freight-in costs are directly associated with the cost of transporting inventory to a business and are included in the Cost of Goods Sold (COGS) as they are considered a direct cost of acquiring the goods that will be sold.

Cost of Goods Sold includes:

A) Freight-in.
B) Freight-out.
C) Supplies Expense.
D) Sales Discounts.

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