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Assume Anderson's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $23,500. If Anderson's paid National Trucking $700 cash for transportation,

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Assume Anderson's General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $23,500. If Anderson's paid National Trucking $700 cash for transportation, immediately returned goods to American Wholesaling costing $1,100, and then paid American Wholesaling within the 130, 1/60 purchase discount period. How much did this inventory cost Anderson's? Assume Anderson's uses a pedpetual inventory system. Inventory Cost

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