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A company recorded the following events involving a recent purchase of inventory: Received goods for $45,000, terms 1/10, n/30. Returned $1,000 of the shipment for
A company recorded the following events involving a recent purchase of inventory:
Received goods for $45,000, terms 1/10, n/30.
Returned $1,000 of the shipment for credit.
Paid $250 freight on the shipment.
Paid the invoice within the discount period.
The company uses the perpetual inventory system. As a result of these events, the companys inventory
(The correct answer is: 43,810.) How do I derive that answer?
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