A company purchased inventory for $2,500 from a vendor on account,FOB shipping point,with terms of 2/10,n/30.The company paid the shipper $200 cash for freight in.The company then returned damaged goods worth $400.The invoice was then paid eight days after the invoice date.Assuming that there was no beginning inventory balance,the cost of inventory would be ________.(Assume a perpetual inventory system. )
A) $2,058
B) $2,258
C) $2,300
D) $2,450
Correct Answer:
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