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invoice a. $2,000 b. $5,500 c. $6,700 d. $9,300 Freight and Credit Terms FOB destination, 3/10, n/45 FOB shipping point, 2/10, n/30 FOB shipping point,
invoice a. $2,000 b. $5,500 c. $6,700 d. $9,300 Freight and Credit Terms FOB destination, 3/10, n/45 FOB shipping point, 2/10, n/30 FOB shipping point, 2/10, n/45 FOB destination, 2/10, n/60 Charges Allowances $ 55 $100 $200 $150 $200 s 50 350 $550 Suppose Lululime uses the perpetual inventory system and purchases Recarding purchose $160,000 of women's sportswear on account from Spanner Inc. on August 1, 2017. Credit terms are 2/10, net 30. Lululime pays electronically, and Spanner receives the money on August 10, 2017. Starter 57 Starter 5-7 transactions-perpetual b. Net inventory cost, $156,800 Journalize Lululime's (a) purchase and (b) payment transactions. What was Lululime net cost of this inventory
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