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Assume Anderson's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $ 2 4 , 1 0 0 . If Anderson's
Assume Anderson's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $ If Anderson's paid National Trucking $ cash for transportation, immediately returned goods to American Wholesaling costing $ and then paid American Wholesaling within the purchase discount period.
How much did this inventory cost Anderson's? Assume Anderson's uses a perpetual inventory system.
Inventory Cost
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