Question

Stan’s Market uses a perpetual inventory system to record the following events involving a recent purchase of inventory: i. On June 1, purchased merchandise for $90,000, terms 2/10, n/30. ii. On June 3, paid freight costs of $450 on merchandise purchased. iii. On June 6, returned $1,800 of merchandise to the supplier. iv. On June 9, paid the amount due to the supplier. As a result of these events, Stan's Market Company's inventory Group of answer choicesA) increased by $114660.
B) increased by $117400.
C) increased by $115052.
D) increased by $115060.

Answer 1

B increase by $117400