e here to search Question 6 of 6 View Policies < > 4.86/20 Show Attempt History Current Attempt in Progress The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 7 00 8 11 Sheffield Ltd. sold goods to Bramble Corp. for $83,000, terms n/15, FOB shipping point. The inventory had cost Sheffield $44,200. Sheffield's management expected a return rate of 3% based on prior experience. Shipping costs of $1.160 were paid by the appropriate company. Bramble returned unwanted merchandise to Sheffield. The returned merchandise has a sales price of $2,560, and a cost of $1,360. It was restored to inventory. Sheffield received the balance due from Bramble. (a) Your Answer Correct Answer O DELL