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please help Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was
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Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount penod Merchandise Transportation Paid by Seller Transportation Terms Returns and Allowances () $10,000 5261 FOB Shipping Point, 1/10, net 30 $1,000 (0) $11,100 $51 FOB Destination, 2/10, net 45 $2.400 The following lots of a particular commodity were available for sale during the year Beginning inventory 9 units at 551,00 First purchas 16 units at $53.00 Second purchase 50 units at $55.00 Third purchase 14 units at $62,00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the UFO method Select the correcte 51348.00 OSLO O $25.00 517300 Step by Step Solution
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