[Solved] Smith Company sold inventory that cost $

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Smith Company sold inventory that cost $ 6 , 8 0 0 for $ 1 2 , 6 0 0 cash. Freight cost was $

Smith Company sold inventory that cost $

6, 800

for $

12, 600

cash. Freight cost was $

780

paid in cash. The freight terms were FOB destination. Based on this information,

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