Assume Andersons General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $23,800. If Andersons paid National Trucking $730 cash for transportation, immediately returned goods to American Wholesaling costing $1,100, and then paid American Wholesaling within the 1/30, n/60 purchase discount period.

How much did this inventory cost Andersons?

Assume Andersons uses a perpetual inventory system.