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The following information applied to Amway Industries for 2020: Merchandise purchased for resale $395,000 Freight-in 6,500 Freight-out 4,900 Purchase returns 4,200 Amway's 2020 inventoriable cost

The following information applied to Amway Industries for 2020: Merchandise purchased for resale $395,000 Freight-in 6,500 Freight-out 4,900 Purchase returns 4,200 Amway's 2020 inventoriable cost was

a) $397,300

b) $424,200

c) $418,600

d) $410,000

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