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A company purchased inventory for $75,000 from a vendor on account, FOB shipping point, with terms of 4/10, n/30. The company paid the shipper $1,700
A company purchased inventory for $75,000 from a vendor on account, FOB shipping point, with terms of 4/10, n/30. The company paid the shipper $1,700 cash for freight in. The company paid the vendor nine days after the invoice date. If there was no beginning inventory, the cost of inventory would be (Assume a perpetual inventory system.) O A. $76,700 O B. $70,300 O c. $73,700 OD. $73,300
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