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Tyler Music purchased inventory for $5,500 and also paid a $380 freight bill. The firm returned 35% of the goods to seller and later took

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Tyler Music purchased inventory for $5,500 and also paid a $380 freight bill. The firm returned 35% of the goods to seller and later took a 1% purchase discount. Assume Tyler Music uses a perpetual inventory system. What Tyler Music's final cost of inventory that it kept

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