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can I have a full explanation hiw this solved ? An item was staipped from a supplier under FOB shipping point. The invoice in the
can I have a full explanation hiw this solved ?
An item was staipped from a supplier under FOB shipping point. The invoice in the amount of $2.000 included poyment terms of 2 ho. n30. When the involice was paid, a purchase discount in the amount of $40 was taken. Other details rolating to the purchase of this item included the followings shipping charges of $300, storage fees of $50. and insurance premium of $100. The cost of this inventary Item is $1,960$2,410$2,401$2,404 An item was staipped from a supplier under FOB shipping point. The invoice in the amount of $2.000 included poyment terms of 2 ho. n30. When the involice was paid, a purchase discount in the amount of $40 was taken. Other details rolating to the purchase of this item included the followings shipping charges of $300, storage fees of $50. and insurance premium of $100. The cost of this inventary Item is $1,960$2,410$2,401$2,404 Step by Step Solution
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