Jc manufacturing purchased inventory for 5300 and also paid, Finance Basics

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Jc manufacturing purchased inventory for 5300 and also paid

Question: JC Manufacturing purchased inventory for $5,300 and also paid a $260 freight bill. JC Manufacturing returned 45% of the goods to the seller and later took a 2% purchase discount. Assume JC Manufacturing uses a perpetual inventory system. What is JC Manufacturing's final cost of the inventory that it kept? (Round your answer to the nearest whole number.)

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Finance Basics: Jc manufacturing purchased inventory for 5300 and also paid

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