ABC Electrical Supply Company purchased $560,000 of inventory.Goods of $35,000 were returned.ABC received an early discount of $55,000 and paid freight in of $15,000 and freight out of $20,000.Compute the net cost of inventory purchased.Label your work and show all computations.

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The Answer of ABC Electrical Supply Company purchased $560,000 of inventory.Goods of $35,000 were returned.ABC received an early discount of $55,000 and paid freight in of $15,000 and freight out of $20,000.Compute the net cost of inventory purchased.Label your work and show all computations.

ABC Electrical Supply Company Purchased $560,000 of Inventory