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D Delivery charges tied to inventory should be treated in the following manner: O Debit Inventory for the purchaser or Debit Cost of Goods Sold
D Delivery charges tied to inventory should be treated in the following manner: O Debit Inventory for the purchaser or Debit Cost of Goods Sold for the seller. O Debit Delivery Expense for the purchaser or Debit Cost of Goods Sold for the seller. O Debit Delivery Expense for both the purchaser or the seller O Debit Cost of Goods Sold for the purchaser or Debit Deliver Expense for the seller. 2.5 pts Question 3 25 pts Colossus Corp. purchased inventory on account for $3.500, FOB shipping point, terms 2/15, n/60. Colussus paid a third party $200 for the shipping of this inventory. If Colossus pays its supplier in full within 12 days, what is the net balance in the inventory account after such payment? $3,630. $3,500. $3,626 $3,430 4
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