Question

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?

Answer 1

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