Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2021. Merchandise purchased for resale $909,400 Interest on notes payable to vendors 8,700 Purchase returns 16,500 Freight-in 22,000 Freight-out (delivery expense) 17,100 Cash discounts on purchases 6,800 What is Donovan's inventoriable cost for 2021

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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5.    Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2021.

Merchandise purchased for resale $909,400
Interest on notes payable to vendors 8,700
Purchase returns 16,500
Freight-in 22,000
Freight-out (delivery expense) 17,100
Cash discounts on purchases 6,800

What is Donovan's inventoriable cost for 2021?

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