8. MoCo begins operations in April, uses the perpetual method, and records merchandise purchases at net. MoCo makes two purchases on account. Terms are 1/15, n/45. On April 4, MoCo purchases merchandise for $3,000, which it pays for on April 16. On April 11, it makes a $9,000 pur chase that it pays for on April 29, but there are no sales in April. On A pril 30, the balance in MoCo's inventory ledger account is .. $12,000 b. $11,970 c. $11,880 d. $11,910 T.nand ugeg the neriodic method. Its June