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WAXS-D, merchandisers of musical instruments, has provided the following details: Mar. 5 Mar. 8 Mar. 13 Mar. 14 Inventory purchased on account Freight in Purchase returns Allowances by vendor Payment made to vendor for purchases on March Mar. 20 5 Yanıtınız: O $713,000 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. $665,280 $655,000 $725,000 35.000 $666,680 55,000 12,000 WAXS-D, merchandisers of musical instruments, has provided the following details: Mar. 5 Mar. 8 Mar. 13 Mar. 14 Inventory purchased on account Freight in Purchase returns Allowances by vendor Payment made to vendor for purchases on March Mar. 20 5 Yanıtınız: O $713,000 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. $665,280 $655,000 $725,000 35.000 $666,680 55,000 12,000
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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