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The following information applied to Fenn, Inc., for the year just ended: Merchandise purchased for resale $400,000 Freight-in 10,000 Freight-out 5,000 Purchase returns 2,000 Fenns

The following information applied to Fenn, Inc., for the year just ended:

Merchandise purchased for resale	$400,000
Freight-in	10,000
Freight-out	5,000
Purchase returns	2,000

Fenns inventoriable cost for the year was

$400,000

$403,000

$408,000

$413,000

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