WAXS-D, merchandisers of musical instruments, has provided the following details: Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month.
A) $713,000
B) $665,280
C) $658,000
D) $666,680

Question

WAXS-D, merchandisers of musical instruments, has provided the following details:  Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month.
A) $713,000 
B) $665,280 
C) $658,000 
D) $666,680

Quizplus · Accepted Answer

The Answer of WAXS-D, merchandisers of musical instruments, has provided the following details:  Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month.
A) $713,000 
B) $665,280 
C) $658,000 
D) $666,680

WAXS-D, Merchandisers of Musical Instruments, Has Provided the Following Details