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A company uses a perpetual inventory system to record the following events involving a recent purchase of inventory: On June 1, it purchased merchandise for
A company uses a perpetual inventory system to record the following events involving a recent purchase of inventory: On June 1, it purchased merchandise for $90,000, terms 2/10, n/30. On June 3, it paid freight costs of $1,800 on merchandise purchased. On June 6, it returned $450 of merchandise to the supplier. On June 9, it paid the amount due to the supplier. As a result of these events, the company's inventory increased by $85,950. increased by $89,995, increased by $89,559 increased by $91,350. increased by $87,334
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