Concord Corp. uses a periodic inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Riverbed Ltd. for $25,800, terms 1/10,n/30, FOB shipping point. 6 The appropriate company paid freight costs of $630 on the merchandise purchased on April 3. 7. Purchased supplies on account for $4.980. 8 Returned damaged merchandise to Riverbed and was given a purchase allowance of $3,800. The merchandise was repaired by Riverbed and returned to inventory for future resale. 30 Paid the amount due to Riverbed in full. 1. The cost of the merchandise sold on April 3 was $18,530. 2. The cost of the merchandise returned on April 8 was $2,300. 3. Riverbed uses a periodic inventory system Concord Corp. uses a periodic inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Riverbed Ltd. for $25,800, terms 1/10,n/30, FOB shipping point. 6 The appropriate company paid freight costs of $630 on the merchandise purchased on April 3. 7. Purchased supplies on account for $4.980. 8 Returned damaged merchandise to Riverbed and was given a purchase allowance of $3,800. The merchandise was repaired by Riverbed and returned to inventory for future resale. 30 Paid the amount due to Riverbed in full. 1. The cost of the merchandise sold on April 3 was $18,530. 2. The cost of the merchandise returned on April 8 was $2,300. 3. Riverbed uses a periodic inventory system