A company purchased inventory for $75,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company paid the shipper $1,500 cash for freight in. The company paid the vendor 9 days after the sale. If there was no beginning inventory, the cost of inventory would be: (Assume a perpetual inventory system)
A)$74,250.
B)$76,500.
C)$71,295.
D)$73,500.

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The Answer of A company purchased inventory for $75,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company paid the shipper $1,500 cash for freight in. The company paid the vendor 9 days after the sale. If there was no beginning inventory, the cost of inventory would be: (Assume a perpetual inventory system)
A)$74,250.
B)$76,500.
C)$71,295.
D)$73,500.

A Company Purchased Inventory for $75,000 from a Vendor on Account