Question 1 of 2 An item was shipped from a supplier under FOB shipping point. The invoice in the amount of $2,000 included payment terms of 2/10, n/30. When the invoice was paid, a purchase discount in the amount of $40 was taken. Other details relating to the purchase of this item included the following: freight charges of $300, import duties of $50, and insurance premiunm of $100. The cost of this inventory item is O$1,960 O $2,410 O$2,401 $2,404