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

question 133

Multiple Choice

WAXS-D, merchandisers of musical instruments, has provided the following details: Credit terms are: 3/20, n/45, FOB shipping. Calculate the net cost of inventory purchased assuming that there are no other inventory related transactions during the month.

• A)$785,000
• B)$740,000
• C)$725,000
• D)$743,250

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Definitions:

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