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The Bios Company Purchased Inventory for $75,000

Question 76

Multiple Choice

The Bios Company purchased inventory for $75,000. It also paid freight-in of $750, sales tax of $3,750 and insurance while the inventory was in transit of $210. The cost of the inventory is:


A) $75,000.
B) $75,750.
C) $78,750.
D) $79,710.

Correct Answer:

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