In its first year, FiCo, which uses the perpetual method and records purchases at net, buys two lots of sweaters, both have terms of 1/10, n/30. One lot was purchased on March 10 for $4,000, paying the invoice on March 16. A second lot was purchased on June 25 for $2,000, paying the invoice on July 9. If no sweaters are sold from March through July, what is the balance in FiCos Inventory account on July 31?

		$5,980
		$5,960
		$5,940
		$6,000