JAN 4. Sold $10,000 of antiques on account, credit terms are 1/15, n/30. Cost of goods is $ 5,000.

8. Received a $300 sales return on damaged goods from the customer. Cost of goods damaged is $ 150.

13. Austin Mall receives payment from the customer on the amount due from Jan.4, less the return and discount.

20. Sold $ 5,200of antiques on account, credit terms are 1/10, n/45, FOB destination. Cost of goods is $ 2,600.

20. Austin Mall paid $120 on freight out.

25. Austin Mall negotiated a $500 allowance on the goods sold on Jan.20.

29. Receives payment from the customer on the amount due from Jan.20, less the allowance and discount.

QUESTION 2.

FEB 2. Ocean View buys $ 23,000 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point.

4. Ocean View pays a $ 130 freight charge.

7. Ocean View returns $ 5,200 of the merchandise due to damage during shipment.

14. Ocean View paid the amount due, less return and discount.

HOW MUCH IS THE FINAL INVENTORY COST OF OCEAN VIEW $