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7. Goya Foods, Inc. purchased canned food inventory costing $4,000 on account. Goya paid $350 transportation cost for the purchase. Also, Goya returned damaged inventory

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7. Goya Foods, Inc. purchased canned food inventory costing $4,000 on account. Goya paid $350 transportation cost for the purchase. Also, Goya returned damaged inventory that cost $275 and received a $50 allowance on the purchase because delivery was delayed for two days. The total cost of this inventory purchase is: A) $4,300. B) $3,675. C) $4,350. D) $4,025

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