Dickson Co., purchased inventory with an invoice price of $2,200, shipping charges of $200, inspection costs of $50. How much should this purchase be recorded in the inventory account for?

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Brown Inc. records purchases in a purchases journal and purchase returns in the general journal. Oct. 1 Purchased inventory on account from Price Inc. for $2,000. Oct. 3 Purchased inventory on account from Cabrera Inc. for $3,000. Oct. 8 Returned half of the inventory to Price Inc. Oct. 9 Purchased inventory on account from Price Inc. for $4,200. Record the above transactions using a purchases journal, a general journal, and an accounts payable subsidiary ledger. The company uses the periodic method of accounting for inventory. If an amount box does not require an entry, leave it blank.   Page: 121   DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 Oct. 8       Accounts Receivable-Cabrera Inc. Accounts Receivable-Cabrera Inc. 1 2         Accounts Payable-Price Inc. Accounts Payable-Price Inc. 2   PURCHASES JOURNAL Page: 113 Date   Account PurchaseOrder No. Ref. MerchandiseInventory DR AccountsPayable CR 2019   Oct. 1     fill…

Suppose that Ivanhoe uses a periodic inventory system and has these account balances: Purchases $571,000; Purchase Returns and Allowances $11,800; Purchases Discounts $9,100; and Freight-In $14,300. Determine net purchases and cost of goods purchased. Net purchases tA Cost of goods purchased $