Solved: Katz hat shop received a shipment of hats for which it paid, Cost Accounting

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Katz hat shop received a shipment of hats for which it paid

Katz Hat Shop received a shipment of hats for which it paid the wholesaler $2,940. The price of the hats was $3,000, but Katz was given a $60 cash discount and required to pay freight charges of $75. What amount should Katz include in inventory? Why?

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Cost Accounting: Katz hat shop received a shipment of hats for which it paid

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Cost Accounting: Katz hat shop received a shipment of hats for which it paid

Reference No:- TGS0799719

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