question archive True or False: Freight costs incurred in shipping products to customers is properly referred to as a product rather than period cost of the selling company
True or False: Freight costs incurred in shipping products to customers is properly referred to as a product rather than period cost of the selling company
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True or False: Freight costs incurred in shipping products to customers is properly referred to as a product rather than period cost of the selling company.
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The correct answer is false.
This statement is false because on the side of the selling company, the freight costs in shipping products to customers are recorded as period costs, which is recorded as freight out or delivery expense to be specific, not a product costs. Period costs are costs incurred not related to the production.
