The Following Information Applied to Grey, Inc Grey's 2007 Inventoriable Cost Was
A)$300,000

Multiple Choice

The following information applied to Grey, Inc.for 2007: $\begin{array}{lr}\text { Merchandise purchased for resale } & \$ 300,000 \\\text { Freight-in } & 8,000 \\\text { Freight-out } & 5,000 \\\text { Purchase returns } & 2,000\end{array}$ Grey's 2007 inventoriable cost was

A) $300,000.
B) $303,000.
C) $306,000.
D) $311,000.