3. determines the inventory on hand only at the end of the accounting period. 2. Davies Company purchased merchandise inventory with an invoice price of $15,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Davies Company pays within the discount period? a. $15,000 $14,760 $14,700 d $12,000 15,000-15.000 x2%=14,760 A credit sale of $1,400 is made on July 15, terms 2/10, net/30, on which a return of $100 is granted on July 18. What amount is received as payment in full on July 24