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In its first month of operation, NowCo, purchased $60,000 of inventory, pald $3.000 for shipping costs (freight-in) and returned $9.000 of the shiprnent to the

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In its first month of operation, NowCo, purchased $60,000 of inventory, pald $3.000 for shipping costs (freight-in) and returned $9.000 of the shiprnent to the suppliee. $12,000 of the imventory (after all adjustments) was sold ducing the month for $21.000. The balanee st the end of the month in imventory shoutd be: $39000 sistono 1554,000 542000 $333000

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