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What the net cost of purchase is

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Question 1: A company has purchased inventory for $2,100 on account, FOB shipping point, with terms of 2/10, n/30. The company then returned damaged goods worth $220. The sales discount is $35. The freight-in costs are 110 and the freight-out costs are $70. Based on this information, the net cost of purchase is:

Select one:

Option a. $ 1910

Option b. $ 1955

Option c. $ 1880

Option d. Another amount

Reference no: EM132524732

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