Apex Electrical Supply, Inc., purchased inventory for ($2,000) and also paid ($125) freight to have the inventory

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Apex Electrical Supply, Inc., purchased inventory for \($2,000\) and also paid \($125\) freight to have the inventory delivered. Apex Electrical Supply, Inc., returned \($500\) of the goods to the seller and later took a 2% purchase discount. What is the final cost of the inventory that Apex Electrical Supply, Inc., kept?

a. ($2,083\) 

b. ($2,085\)

C. ($1,595\) 

d. $1,593\) 


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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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