Downtown Market purchased inventory for ($4,400) and also paid a ($370) freight bill. Downtown Market returned 30%
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Downtown Market purchased inventory for \($4,400\) and also paid a \($370\) freight bill. Downtown Market returned 30% of the goods to the seller and later took a 1% purchase discount. What is Downtown Market’s final cost of the inventory that it kept?
a. $3,306
b. $1,307
c. $3,419
d. $3,049
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Related Book For
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
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