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501(c)(3) Nonprofit
Financial Accounting/The Income Statement
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Inventory Cost With Discounts And Returns

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Marie orders 30 laptops for her computer shop at a list price of $2,000 each. The supplier provides a 10% trade discount for purchasing five or more laptops. The laptops are purchased on account with credit terms of 2%, net 15. Two of the laptops are defective and are returned. The transportation cost for the shipment is $25. What is the total cost of the purchased inventory if Marie pays the invoice within five days?

A

$49,417

B

$49,395

C

$49,467

D

$49,381

E

$49,345

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