Question
Rigby Company purchased merchandise from a supplier in Hong Kong with an invoice cost of $10,000 and shipping terms of FOB destination. The freight costs
Rigby Company purchased merchandise from a supplier in Hong Kong with an invoice cost of $10,000 and shipping terms of FOB destination. The freight costs amount to $1,000. Rigby should record inventory at a cost of ________.
A) $11,000
B) $10,000
C) $9,000
D) $1,000
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The Legal Environment of Business
Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards
11th Edition
9781133419716, 538473991, 1133419712, 978-0538473996
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