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Andi Company purchased merchandise inventory with an invoice price of $6,000 and credit terms of 1/15, n/30 (invoice dated December 1, 2020). $1,000 of the
Andi Company purchased merchandise inventory with an invoice price of $6,000 and credit terms of 1/15, n/30 (invoice dated December 1, 2020). $1,000 of the merchandise inventory was returned on December 7, 2020. What is the net cost of the goods if Andi Company pays within the discount period?
a. $4,950
b. $5,000
c. $5,880
d. $6,000
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