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Majestic Manufacturing sold Jordans Furniture a living room set for an $8,740 list price with 35% trade discount. The $220 freight (FOB shipping point) was
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,740 list price with 35% trade discount. The $220 freight (FOB shipping point) was not part of the list price. Terms were 4/10, n/30 ROG. The invoice date was June 23. Jordans received the goods on August 11 and paid the invoice on August 13. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.)
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