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What is the inventoriable cost of the purchase

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Question - Fenn Company provided the following information for the current year:

Merchandise purchased for resale - 4,000,000

Freight in - 100,000

Freight out - 50,000

Purchase returns - 20,000

Interest on inventory loan - 200,000

Required - What is the inventoriable cost of the purchase?

Reference no: EM133068611

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