8. A company purchased inventory for $71,000 from a vendor on account, FOB shipping point, With terms Ot 3/10, n/30. The company paid the shipper $1,700 cash for freight in. The company paid the vendor nine days after the invoice date. If there was no beginning inventory, the cost of inventory would be A) $70,570 B) $72,700 C) $67,170 (Assume a perpetual inventory system.) D) $69,300