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11) The following information applied to North, Inc. for 2020: Merchandise purchased for resale $410,000 Freight-in 8,000 Freight-out 5,000 Purchase returns 2,000 Norths 2020 inventoriable

11) The following information applied to North, Inc. for 2020:

Merchandise purchased for resale $410,000

Freight-in 8,000

Freight-out 5,000

Purchase returns 2,000

Norths 2020 inventoriable cost was:

A) $413,000. B) $410,000. C) $416,000. D) $421,000.

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