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What is the total inventoriable cost

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Reference no: EM132857960

Question - The following information pertains to Otis Company for 2016:

Trade discounts and rebates 30,000

Invoice price of merchandise purchased for resale 580,000

Freight in 15,000

Import duties 20,000

Interest on note payable to vendors 6,000

Purchase returns 3,000

Freight out 4,000

Required - What is the total inventoriable cost?

a. 600,000

b. 615,000

c. 612,000

d. 582,000

Reference no: EM132857960

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