Multiple Choice
Jeter Company ordered 400 toy wagons from Lamar, Inc. on May 1, 2010. Jeter Company paid for them on May 20 at a cost of $2 each. Jeter sold 50 of them on June 2, 2010, for $4 each to Gilloz Company. Gilloz Company paid Jeter on June 10. Which amount represents Jeter Company's input markets related to this sale?
A) $300
B) $800
C) $1,600
D) $250
Correct Answer:
Verified
Correct Answer:
Verified
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