Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2015.
January 3rd, 2018
Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2015.Merchandise purchased for resale$909,400Interest on notes payable to vendors8,700Purchase returns16,500Freight-in22,000Freight-out17,100Cash discounts on purchases6,800What is Donovan’s inventoriable cost for 2015?