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Assume Andersons General Store bought, on credit, a truckload of merchandise from American Wholesaling costing...

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Accounting

Assume Andersons General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $23,700. If Andersons paid National Trucking $720 cash for transportation, immediately returned goods to American Wholesaling costing $1,300, and then paid American Wholesaling within the 3/30, n/60 purchase discount period.
How much did this inventory cost Andersons? Assume Andersons uses a perpetual inventory system.

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