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Question 1 2 pts A company purchased inventory for $62325 from a vendor on account, FOB shipping point, with terms of 4/10, n/30. The company
Question 1 2 pts A company purchased inventory for $62325 from a vendor on account, FOB shipping point, with terms of 4/10, n/30. The company paid the shipper $1297 cash for freight in. The company then returned damaged goods worth $734. The company paid the vendor nine days after the sale. If there was no beginning inventory, what is the cost of inventory? (Assume a perpetual inventory system.) Answer in dollars and cents ($ 0.00)
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