Question: Pollo Inc. purchased $ 3 , 5 0 0 worth of merchandise on December 1 , 2 0 1 9 on credit. 1 0 %

Pollo Inc. purchased $

3, 500

worth of merchandise on December

1, 2019

on credit.

10 %

of the items are immediately returned to the supplier. The inventory is sold with terms FOB shipping point. The cost for shipping is $

150 .

This is paid in cash by Pollo the truck driver at the time of delivery. What is the cast of the inventory recorded in the Merchandise Inventory account assuming a perpetual inventory system is used?

3, 150

3, 300

3, 285

3, 650

Pollo Inc. purchased $3,500 worth of merchandise on December 1,2019 on

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