The amount recorded for merchandise inventory includes all of the following except:

The amount recorded for merchandise inventory includes all of the following except Purchase discounts. Returns and allowances. Freight costs paid by the buyer. Freight costs paid by the seller. Trade discounts.

Answer

Freight costs paid by the seller is the right answer of this question. Rests all options given in the question are included in amount recorded for merchandise inventory.

Only Freight costs paid by the seller is not included in amount recorded for merchandise inventory.

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