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Bedford Inc. uses a perpetual inventory system. Consider the following for the company (Round amounts to the nearest whole dollar.) On Mar. 2 the co.
Bedford Inc. uses a perpetual inventory system. Consider the following for the company (Round amounts to the nearest whole dollar.) On Mar. 2 the co. bought $21,500 of inventory. Terms of 3/15, n/30, and FOB shipping point. On Mar. 5 the co. paid $140 freight On Mar. 8 the co. returned S6,200 of the inventory due to damage. On Mar. 14 the co. paid the amount due. Requirement Determine the cost of this inventory. The inventory cost for Bedford isS
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