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Find the company merchandise inventory

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Reference no: EM132456616

Problem - Company recorded the following events involving a recent merchandise purchase.

Received goods for $50,000, terms 2/10, n/30.

Returned $1,000 of the shipment for credit due to damaged goods.

Paid $1,500 for freight-in.

Paid the invoice within the discount period.

Required - As a result of these events, find the company's merchandise inventory?

A. increased by $50,500.

B. increased by 49,500.

C. increased by $49,470.

D. increased by $49,520.

Reference no: EM132456616

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