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JC Manufacturing purchased inventory for $5300 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.)

Respuesta :

Answer:

JC Manufacturing​'s final cost of the inventory that it​ kept is $3117

Explanation:

The computation of the final cost of inventory is shown below:

= Purchase cost of inventory - returned goods - discounts + freight charges

= $5,300 - $2385 - $58.3 + $260

= $3,116.7 or $3,117

The returned goods is computed by

= Purchase cost of inventory Ă— returned percentage

= $5,300 Ă— 45%

= $2,385

And, the Discount is computed by

= (Purchase cost of inventory - returned goods) Ă— discount rate

= ($5,300 - $2,385) Ă— 2%

= $2,915 Ă— 2%

= $58.30

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