Explain the shipping cost amount
Invoice price of goods is $3500. Purchase terms are 3/10,n/30 and the invoice is paid in the week of reciept. The shipping terms are FOB shipping point ,and the shipping cost amount to $330.00. What is the total cost of inventory?
Expected delivery within 24 Hours
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The following information pertains to item#AB345 of inventory of ABC EDU Sysyrems ,INc. cost $45 per unit replacement cost $46 per unit Selling price $52 per unit the physical inv.
Suppose a BullsEye store purchases $60,000 of women's sportswear on account from Muddy John on July 1, 2011. Credit terms are 2/10, net 45. BullsEye pays electronically, and Muddy John receives the money on July 10, 2011.
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