Match each term related to recording inventory transactions with its description.
A. The cost of shipping inventory to customers.
B. Account to credit when inventory is sold. The amount to credit equals the selling price to customer.
C. The cost of shipping inventory from suppliers.
D. Account to credit when inventory is sold. The amount to credit equals the original cost of inventory.
E. Record inventory purchases at the time inventory arrives at the company.
F. Calculate the balance of inventory once per period.
G. Account to debit when inventory is sold.
H. Recording inventory transactions as they occur.
I. Record inventory purchases at the time inventory departs from the supplier.
A. Freight-out
B. Sales revenue
C. Freight-in
D. Inventory
E. FOB destination
F. Periodic inventory system
G. Cost of goods sold
H. Perpetual inventory system
I. FOB shipping point
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