Question

freight in and freight out in financial statements​

Answer 1

Answer:

Freight out is an expense for a business and is part of the income statement. It is the cost to a business of shipping its products to its customers. In the income statement, freight out is included as a variable cost under cost of goods sold as it is only incurred if a product is sold to a customer.

Answer 2

Answer:

Freight out is an expense for a business and is part of the income statement. It is the cost to a business of shipping its products to its customers. In the income statement, freight out is included as a variable cost under cost of goods sold as it is only incurred if a product is sold to a customer.