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Arne Company buys inventory for $400. The seller sends this merchandise to the company FOB destination. The transportation charge was $13. Arne received a discount

Arne Company buys inventory for $400. The seller sends this merchandise to the company FOB destination. The transportation charge was $13. Arne received a discount of $9 for paying quickly. The inventory is sold to a customer for $670. Arne paid another $17 to have the item delivered to the customers home. What did Arne report as cost of goods sold?

a. $391

b. $395

c. $400

d. $408

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