Business, 27.05.2020 22:02 sonyalehardez
A company purchased inventory for $74,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company paid the shipper $1,500 cash for freight in. The company paid the vendor nine days after the sale. If there was no beginning inventory, the cost of inventory would be . (Assume a perpetual inventory system.) Group of answer choices $73,280 $75,500 $70,280 $72,500
Answers: 1
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A company purchased inventory for $74,000 from a vendor on account, FOB shipping point, with terms o...
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