Jones Retail purchased $10,000 of merchandise inventory on account from a vendor and paid a...

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Accounting

Jones Retail purchased $10,000 of merchandise inventory on account from a vendor and paid a $500 freight bill. Jones paid $350 in custom and duties and $150 for insurance during transportation and paid $600 for a social media campaign to promote the newest inventory line.
What is the final cost of the merchandise inventory for Jones Retail from this purchase?
$10,000
$11,000
$10,500
$11,600
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