If these items were bought on 210 n30 terms and the invoice


Question - Zonker Inc purchases 500 units of an item at an invoice cost of $30,000. What is the cost per unit? If the goods are shipped f.o.b. shipping point and the freight bill was $1,500, what is the cost per unit if Zonker Inc pays the freight charge? If these items were bought on 2/10, n/30 terms and the invoice and the freight bill were paid within the 10-day period, what would be the cost per unit?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: If these items were bought on 210 n30 terms and the invoice
Reference No:- TGS02877012

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)