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Acompany purchased inventory for $ 75 comma 000 from a vendor on account, fob shipping point, with terms of 3/10, n/30. the company paid the shipper $ 1 comma 800 cash for freight in. the company paid the vendor nine days after the invoice date. if there was no beginning inventory, the cost of inventory would be (assume a perpetual inventory system.)
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Acompany purchased inventory for $ 75 comma 000 from a vendor on account, fob shipping point, with t...
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