Current Attempt in Progress Oriole Corp, uses a perpetual irrentory system. The compary had the following if iventory transacticos in Aprit: Aptel 3. Purchased merchandesefrom Concord Ltd for 330,800 , terms 1/30, FOE shipping point 6. The appropriate company paid freight costs of 5170 on the merchandiue gurch med oo April 3. 7 Purchased supplies on actokint for $55.500. future retale. 30. Paid the amount due to Concord in fult: 1. The cost of the merchandise sold on Acria 3 was $20,900 Conterd eqpected s returm rate of 1sx. 2. The coit of the merchandise returned on Aceil th was 52.530. 3. Concord uses a perpetual inventory oystem. Vien Policies Current Attempt in Progress Oriole Corp. uses a perpetual inventory system. The company had the followinit inventory trantactices in fiprit: Agril 3. Purchaied entrichandese from Concord Lto for 530.800 termis ri30, FOB stipping point. 6. This apcrogriate company paid freight costs of 5770 on the merchandise purctused on that 3. 7 Punchased subplies on account for 55500 , luture retale. 30. Dade the amount due to Concoed in full. 7. The cost of the merchandise returnedon Aprit A war $2.530. 3. Cacourd usis a perpetuat inventory yyitem