On November 1, Year 1, ABC Company purchased $100,000 of merchandise, terms 2/10 n/30. On November 3, ABC returned $10,000 of the merchandise for credit. ABC paid cash for the merchandise on November 15, Year 1. How much did ABC pay on November 15?

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ABC Company purchased merchandise on account that cost $10,000. The goods were purchased FOB shipping point with freight cost of $200 cash. ABC Company sold these goods for $15,000. Goods were delivered to customers FOB destination with freight cost of $300. What is ABC's Cost of Goods Sold?

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