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Rico Company orders 25 weed whackers for its inventory from a supplier in Asia. Invoice cost is $625. GST is on the purchase is $50

Rico Company orders 25 weed whackers for its inventory from a supplier in Asia. Invoice cost is $625. GST is on the purchase is $50 and import duty charged is $25. Rico packages each unit in its own custom logo cartons for $2 a unit. Rico will carry the weed whackers in its inventory at:

$675 $625 $700 $725 Some other amount

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