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Business, 01.08.2019 05:20 valerieaj113

Hasham purchases inventory from overseas and incurs the following costs: the merchandise cost is $80,000, credit terms 1/10, n/30, applicable only to the $80,000; fob shipping point freight charges are $2,500; insurance during transit is $300; and import duties are $1,500. hasham paid within the discount period. compute the cost that should be assigned to the inventory.

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Hasham purchases inventory from overseas and incurs the following costs: the merchandise cost is $8...
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