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How much is fenn inventoriable costs

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Problem 1: Fenn, Inc. has the following information: Merchandise purchased for resale amounts to 400,000; Freight in 10,000; Freight out 5,000 and Purchase returns 2,000. How much is Fenn's inventoriable costs?

Option 1: 400,000

Option 2: 403,000

Option 3: 408,000

Option 4: 413,000

Reference no: EM132807036

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