WAXS D, merchandisers of musical instruments, has provided the following details. Credit terms are: 3/20, n/45,...
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WAXS D, merchandisers of musical instruments, has provided the following details. Credit terms are: 3/20, n/45, FOB shipping. Calculate the net cost of inventory purchased assuming that there are no other inventory related transactions during the month. Mar. 5 Mar. 8 Mar. 13 Purchase returns Mar. 14 Allowances by vendor Mar. 20 Payment made to vendor for purchases on March 5 Inventory purchased Freight In $800,000 40,000 60,000 15,000 E Minimized View $740,000 S743,250 $785,000 5725,000 O D O O WAXS D, merchandisers of musical instruments, has provided the following details. Credit terms are: 3/20, n/45, FOB shipping. Calculate the net cost of inventory purchased assuming that there are no other inventory related transactions during the month. Mar. 5 Mar. 8 Mar. 13 Purchase returns Mar. 14 Allowances by vendor Mar. 20 Payment made to vendor for purchases on March 5 Inventory purchased Freight In $800,000 40,000 60,000 15,000 E Minimized View $740,000 S743,250 $785,000 5725,000 O D O O
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Payment made to vendor Purchase of merchandise 800000 ... View the full answer
Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
Posted Date:
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