FOB freight

Rajkumar Gutti (538 Points)

17 January 2023  
We have imported goods from foreign countries on FOB basis
For FOB purchases we have paid ocean freight.This ocean fright we debited to ocean freight account head.
But my query is , it is a part and parcel of material cost.Hence it is to be debited to material cost, other wise it is not reflected to purchases turnover. It is correct ?