Answer:
cost of inventory comes out to be $ 4,120.
Step-by-step explanation:
purchased inventory =​ $4,000
the invoice is paid in 15 days therefore discount available is 2% would be
hence,
cost of inventory =Purchase Value+Freight charges –Discount on net  purchase
= $ 4,000 + $ 200 – ($4,000 x 2%)
= $ 4,000 + $ 200  – $ 80
= $ 4,120
hence the cost of inventory comes out to be $ 4,120.
