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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 $23,900. If Andersons paid National Trucking $740 cash for transportation, immediately returned goods to American Wholesaling costing $1,200, and then paid American Wholesaling within the 2/30, n/60 purchase discount period.

How much did this inventory cost Andersons? Assume Andersons uses a perpetual inventory system.

Inventory Cost $

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