Multiple Choice 1. On February 13, North Carolina Furniture purchases three sofas from a manufacturer for $300 each. The terms of the sale are 2/10 n/45. North Carolina Furniture pays the invoice on February 21. How much would they pay? 1. $300 2. $900 3. $882 4. $810 2. Crayson Inc. started the year with $490,000 in beginning inventory. During the year, Crayson purchased an additional $1,060,000 in inventory. At the end of the year, Crayson employees performed a physical count and determined that ending inventory amounted to $450,000. What was Crayson's cost of goods sold for the year? 1. $1,100,000 2. $1,020,000 3. $120,000 4. $1,060,000 matrace