A summary of Sheridan Auto Parts Company's transactions and the effects of each on the company's Inventory account are presented here. May 4: Purchase of $25,500 of inventory on account May 6: Paid $870 in freight charges May 8: Returned $800 of goods May 14: Paid within discount period and received a $380 purchase discount What is the ending balance in the Inventory account as a result of these transactions?

A summary of Sheridan Auto Parts Company's transactions and the effects of each on the company's Inventory account are presented here. May 4: Purchase of $25,500 of inventory on account May 6: Paid $870 in freight charges May 8: Returned $800 of goods May 14: Paid within discount period and received a $380 purchase discount What is the ending balance in the Inventory account as a result of these transactions