WAXS-D,merchandisers of musical instruments,has provided the following details:

Credit terms are: 4/20,n/45,FOB shipping point.Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month.
A)$713,000
B)$665,280
C)$658,000
D)$666,680

Question

WAXS-D,merchandisers of musical instruments,has provided the following details:

Credit terms are: 4/20,n/45,FOB shipping point.Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month.
A)$713,000 
B)$665,280 
C)$658,000 
D)$666,680

Quizplus · Accepted Answer

D)
Net Cost of Inventory Purchased
 11ea8a42_4f29_b790_8b44_8f3349b5073d_TB5024_00

WAXS-D,merchandisers of Musical Instruments,has Provided the Following Details