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Determine the cost of po inventory at the end of the period

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Reference no: EM131641914

Problem - The following information is provided for PO Company:

  • Purchased 100 units of merchandise for $20 each
  • Paid $50 of freight costs for the merchandise received
  • Paid $1,200 for an advertising campaign related to the merchandise
  • Returned 10 of the units purchased because they were broken
  • Paid the purchasing manager's monthly salary of $3,000

Determine the cost of PO's inventory at the end of the period.

Reference no: EM131641914

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