Multiple Choice
A company purchased inventory for $3,000 from a vendor on account,FOB shipping point,with terms of 2/10,n/30.The company paid the shipper $100 cash for freight in.The company then returned damaged goods worth $200.The invoice was then paid eight days after the purchase.Assuming that there was no beginning inventory balance,the cost of inventory would be ________.(Assume a perpetual inventory system. )
A) $2,744
B) $2,844
C) $2,900
D) $2,940
Correct Answer:

Verified
Correct Answer:
Verified
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