2 3 5 9 Section 1 of 1 Section #1 Choose the bestc Question #3 O $493,000 The following information relates to ABC Company for the month of January 2001: Merchandise purchased for resale $500,000 Interest on notes payable to supplier of merchandise $5,000 Freight in $1,000 Purchase returns $7,000 $ 489,000 O $ 488,000 o $ 494,000 The inventorial cost for January 2001 should be