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Trinkets Unlimited made total purchases of $250000 in the most current year. It paid freight in of $3000 on its purchases Freight out the cost to deliver the merchandise to its customer


Trinkets Unlimited made total purchases of $250,000 in the most current year. It paid freight in of $3,000 on its purchases. Freight out (the cost to deliver the merchandise to its customers) totaled $7,000. Of the total purchases, Trinkets Unlimited returned $22,000 of the merchandise. Trinkets Unlimited took advantage of $2,000 of purchase discounts offered by its vendors. What was Trinkets Unlimited’s cost of inventory?

Apr 01 2020 View more View Less

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