A company,using the net method,purchased inventory for $3,000 and term 2/10 net 30 but did not pay the bill in time to take advantage of the discount.The cost recorded in the inventory account after this event would be?
A)$3,000
B)$2,940
C)$3,060
D)Not enough data to determine

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The Answer of A company,using the net method,purchased inventory for $3,000 and term 2/10 net 30 but did not pay the bill in time to take advantage of the discount.The cost recorded in the inventory account after this event would be?
A)$3,000
B)$2,940
C)$3,060
D)Not enough data to determine

A Company,using the Net Method,purchased Inventory for $3,000 and Term