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An electronics retailer purchases $20,000 of computers for resale. The retailer spends $500 in transportation cost, $2,000 in labour and parts to upgrade the computers,
An electronics retailer purchases $20,000 of computers for resale. The retailer spends $500 in transportation cost, $2,000 in labour and parts to upgrade the computers, and $300 to advertise them. At this point, what amount should appear in the Inventory account for these computers?
Multiple Choice
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$22,500
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$20,000
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$20,500
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$22,800
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