A Company Using the Perpetual Inventory System Purchased Inventory Worth

Multiple Choice

A company using the perpetual inventory system purchased inventory worth $24,000 on credit with terms of 2/10,n/30.Defective inventory of $2000 was returned 2 days later and the accounts were appropriately adjusted.If the invoice is paid within 10 days,the amount of the purchase discount that would be available to the company is:

A) $480
B) $520
C) $470
D) $440