Question: M6-5 (Algo) Evaluating Inventory Cost Components [LO 6-3) Assume Anderson's General Store bought on credit, a truckload of merchandise from American Wholesaling costing $23,100. If
M6-5 (Algo) Evaluating Inventory Cost Components [LO 6-3) Assume Anderson's General Store bought on credit, a truckload of merchandise from American Wholesaling costing $23,100. If Anderson's paid National Trucking $660 cash for transportation, immediately returned goods to American Wholesaling costing $1,300, and then paid American Wholesaling within the 3/30, 1/60 purchase discount period, How much did this inventory cost Anderson's? Assume Anderson's uses a perpetual inventory system
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