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How much is the cost of the inventories purchased

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Reference no: EM132787421

Question - Entity A acquires inventories and incurs the following costs:

Purchase price, gross of trade discount 100,000

Trade discount 20,000

Non-refundable purchase tax, not included in the purchase price above 5,000

Freight-in (Transportation costs) 15,000

Commission to broker 2,000

Advertisement costs 10,000

Required - How much is the cost of the inventories purchased?

Reference no: EM132787421

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