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Calculate cost inventory. Invoice price of goods is $5,000. Purchase terms are 2/10, n/30 and the invoice is paid in the week of receipt. The
Calculate cost inventory. Invoice price of goods is $5,000. Purchase terms are 2/10, n/30 and the invoice is paid in the week of receipt. The shipping terms are FOB shipping point, and the shipping costs amount to $200. What is the total cost of the inventory? show work
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