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Colada Corporation uses a perpetual inventory system and had inventory worth $ 7 9 , 5 0 0 at the beginning of the year. Purchases
Colada Corporation uses a perpetual inventory system and had inventory worth $ at the beginning of the year. Purchases were made during the year for $; however, of these goods were returned to the supplier, and a discount was taken on the remaining balance owing. Pina Colada paid $ cash for freight to ship the inventory to its location during the year. Pina Colada reported cost of goods sold for the year of $ Pina Colada has a calendar year end.What is the balance in the inventory account at the end of the year?
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