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What is the inventoriable cost of the purchase? virtue company provided the following data for the current year: merchandise purchased for resale.............................4,000,000 freight in....................................................................................100,000 freight

What is the inventoriable cost of the purchase?

virtue company provided the following data for the current year:

merchandise purchased for resale.............................4,000,000

freight in....................................................................................100,000

freight out.................................................................................50,000

purchase returns...................................................................20,000

interest on inventory loan..................................................200,000

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