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Perch X,Inc

Question 15

Multiple Choice

Perch X,Inc.purchased goods with an invoice price of $3,000.Purchase terms are 1/10,n/30 and the invoice is paid one week after it was received.The shipping terms are FOB shipping point and the shipping costs are $300.The cost of the inventory purchased equals _______.


A) $3,000
B) $3,300
C) $2,700
D) $3,270

Correct Answer:

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