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  1. business
  2. accounting
  3. on january 1, a retailer had a $35,600 in merchand

On January 1, a retailer had a $35,600 in merchandise inventory. The business purchased $13,000...

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Accounting

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On January 1, a retailer had a $35,600 in merchandise inventory. The business purchased $13,000 of inventory on January 5 from its supplier on terms of 2/10 n/30, FOB shipping point. The appropriate party paid $350 for freight costs for the January 5 purchase. The business paid the outstanding accounts payable on January 9. What is the company's merchandise inventory on that date (whole number without comma or $ sign, e.g. 10000)

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