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O Points: 0 of 6 Save Trift Company made total purchases of $295,000 in the most current year. It paid freight in of $2,500
O Points: 0 of 6 Save Trift Company made total purchases of $295,000 in the most current year. It paid freight in of $2,500 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to Triff's customers, totaled $8,500. Of the total purchases Trift made during the period, it returned $27,000 of the merchandise. Trit took advantage of $2,000 of purchase discounts offered by its vendors. What was Triff's cost of inventory? Triffs cost of inventory is D
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