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Company A purchases inventory for $10K (3/10, n/30). A uses a periodic system and the gross method. Freight-in cost is $1K. All discount is
Company A purchases inventory for $10K (3/10, n/30). A uses a periodic system and the gross method. Freight-in cost is $1K. All discount is taken. Net purchases for the period is: 11.3K 11K 10.7K 9.7K
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