Recording an Inventory Purchase Shields Company has purchased inventories incurring the following costs: (a) the invoice amount of $2,000, (b) shipping charges of $120, interest of S40 on the $2,000 borrowed to finance the purchase, and (d) $20 for the cost of moving the inventory to the company's warehouse. Required Determine the cost to be assigned to the inventory Record the purchase using "T" accounts. Inventory (A) Accounts Payable (1) ca 10 Id Notes Payable (LS Interest Expense, Discounts Lost tal 000 bi 10 Id Idi Check Me Previous Save Answers $ 3 Search or type URL CNC + X 5 0 9 6 7 8 3 4 7 2 OP U R Y T E Q W