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Zonker Inc. purchases 500 units of an item at an invoice cost of $30,000. 

1. What is the cost per unit? 

2. If the goods are shipped f.o.b. shipping point and the freight bill was $1,500, what is the cost per unit if Zonker Inc. pays the freight charges? 

3. If these items were bought on 2/10, n/30 terms and the invoice and the freight bill were paid within the 10-day period, what would be the cost per unit? 

Accounting Basics, Accounting

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