Question: Tablet Company purchases $20,000 of devices for resale. The company also spends $500 in transportation cost to have the devices shipped from the supplier,

Tablet Company purchases $20,000 of devices for resale. The company also spends

Tablet Company purchases $20,000 of devices for resale. The company also spends $500 in transportation cost to have the devices shipped from the supplier, $2,000 in labour and parts to upgrade the devices, and $300 to advertise. Assuming the company uses a perpetual inventory system, what amount should appear in the inventory account for these devices based on these transactions? Multiple Choice O O O $22,500 $20.500 $22,800 $20,000

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