Question content area top Part 1 Zephron Music purchased inventory for $ 4 comma 200 and also paid a $ 380 freight bill. Zephron Music returned 20% of the goods to the seller and later took a 2% purchase discount. Assume Zephron Music uses a perpetual inventory system. What is Zephron Music's final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
Question content area top Part 1 Zephron Music purchased inventory for $ 4 comma 200 and also paid a $ 380 freight bill. Zephron Music returned 20% of the goods to the seller and later took a 2% purchase discount. Assume Zephron Music uses a perpetual inventory system. What is Zephron Music's final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 82.1C
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Question content area top Part 1 Zephron Music purchased inventory for $ 4 comma 200 and also paid a $ 380 freight bill. Zephron Music returned 20% of the goods to the seller and later took a 2% purchase discount. Assume Zephron Music uses a perpetual inventory system. What is Zephron Music's final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
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