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Bell Company incurred the following costs during 20x2: Merchandise purchased for resale: $40,000 Freight out 2,000 Freight in 1,000 How much should be included in

Bell Company incurred the following costs during 20x2: Merchandise purchased for resale: $40,000 Freight out 2,000 Freight in 1,000 How much should be included in the cost of the merchandise inventory?

Multiple Choice

$43,000
$42,000
$40,000
$41,000

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