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NOVA Shoes, Inc. uses a perpetual inventory system. The company recorded the following events involving a recent purchase of inventory: Received goods for $70,000, terms

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NOVA Shoes, Inc. uses a perpetual inventory system. The company recorded the following events involving a recent purchase of inventory: Received goods for $70,000, terms 2/10,n/30. Returned $1,600 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $ Do not use dollar signs or commas in your answer. A credit sale of $2,000 is made on October 1 , terms 2/10, net/30, on which a return of $200 is granted on October 3 . If payment is made in full on October 9 , what is the cash payment amount? NOVA Company provided the following inventory information for the year. A physical count of inventory on December 31 revealed that there were 300 units on hand. NOVA Company uses the LIFO method. What is the value of the ending inventory at December 31 ? Do not include dollar signs or commas in your answer. The system will insert a comma if necessary. NOVA Sports Inc. has the following data for inventory for June? Records show that 80 units were sold in June. The company uses the average cost method. What is the value of ending inventory as of June 30 ? (Round the weighted-average unit cost to three decimal places [e.g. 21.041]. Round your answer to two decimal places [e.g. 21.04]. Do not include dollar signs or commas in your answer.) NOVA BOOKS sells books, backpacks, and shirts. The following information is presented as of December 31. Apply the lower-of-cost-or-net-realizable-value rule to each item. What is NOVA BOOKS' total ending inventory balance? Do not include dollar signs or commas in your answer. The system will insert a comma if necessary

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