187k views
5 votes
Nona Hat Shop received a shipment of hats for which it paid the wholesaler $2,940. The price of the hats was $3,000, but Nona was given a $60 cash discount and required to pay freight charges of $75. What amount should Nona include in inventory?

User Alexi
by
8.0k points

1 Answer

6 votes

Answer:

the amount that should include the inventory is $3,015

Step-by-step explanation:

The computation of the amount that should involved in inventory is shown below:

= Invoice price - cash discount + freight charges

= $3,000 - $60 + $75

= $3,015

Hence, the amount that should include the inventory is $3,015

We simply applied the above formula so that the correct value could come

And, the same is to be considered

User Jsmartt
by
7.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.