Homework Answers
A.Inventory Purchased = $5,700
B.Freight Paid = $330
C.Purchase return = $5,700 x 30% = $1,710
D.Purchase Discount = ($5,700 - $1,710) x 3% = $120
Final Cost of Inventory = A + B - C -D = $5,700 + $330 - $1,710 - $120 = $4,200
Answer:- A. $4,200
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