During 2013, ABC Company purchased $100,000 of merchandise. To bring the merchandise to the warehouse, Charcoal paid $5,000 in freight costs. By paying within the discount period, they were able to take advantage of $2,000 of discounts offered. When the merchandise arrived, inspection revealed that $3,000 of goods were not as ordered and were returned to the supplier. The net purchases of Charcoal Company were

$90,000

$95,000

$105,000

$100,000

Answer rating: 100% (QA)

Net purchases Purchases Freight In ... View the full answer