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Best Buy Company made total purchases of $310,000 in the most current year, it paid...

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Accounting

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Best Buy Company made total purchases of $310,000 in the most current year, it paid feolght in of $5,000 on its purchases. Freight out, the cout to deliver the merchandise when it was sold to Best Buy's customers, totaled $9,400. Of the total purchases Best Buy made during the period, it retumod $23,500 of the merchandise. Best Buy took advantage of $2,000 of purchase discourts oflored by its vendors. What was Best Buy's cost of inventory? Best Buyss cost of inventory is

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