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P800 of inventory is sold on account, FOB shipping point. The seller pays P100 to the shipping company on behalf of the buyer, which is

P800 of inventory is sold on account, FOB shipping point. The seller pays P100 to the shipping company on behalf of the buyer, which is added to the sellers invoice. The credit terms offered by the seller are 3/10, n/30. Therefore the total account receivable is P900 selling price + P100 shipping charges. The total cost of the inventory when purchased was

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