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WAXS-D, merchandisers of musical instruments, has provided the following details: Mar. 5 $725.000 Inventory purchased on account Freight in Mar. 8 40,000 65.000 Mar. 13
WAXS-D, merchandisers of musical instruments, has provided the following details: Mar. 5 $725.000 Inventory purchased on account Freight in Mar. 8 40,000 65.000 Mar. 13 Purchase returns Mar. 14 10,000 Allowances by vendor Payment made to vendor for purchases on March 5 Mar. 20 Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month. O $715,000 O $662,400 O $650,000 O $664,000
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