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Downtown Market purchased inventory for $5,000 and also paid a $250 freight bill. Downtown Market returned 25% of the goods to the seller and later
Downtown Market
purchased inventory for
$5,000
and also paid a
$250
freight bill.
Downtown Market
returned
25%
of the goods to the seller and later took a
1%
purchase discount. Assume
Downtown Market
uses a perpetual inventory system. What is
Downtown Market's
final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
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