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A firm buys 300 pens from a manufacturer for $600 on June 10 under terms of 3/10, net/30. The pens are shipped FOB destination,
A firm buys 300 pens from a manufacturer for $600 on June 10 under terms of 3/10, net/30. The pens are shipped FOB destination, so the $100 shipping costs are paid by the seller. The firm returns 30 of the pens on June 12 and pays for the balance on June 22. What is the firm's final cost per pen?
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
