Knowledge Check A summary of Oriole Auto Parts Company's transactions and the effects of each on the company's Inventory account are presented here. May 4: Purchase of $27,800 of inventory on account May 6: Paid $910 in freight charges May 8: Returned $810 of goods May 14: Paid within discount period and received a $370 purchase discount What is the ending balance in the Inventory account as a result of these transactions? Ending Balance

A summary of Oriole Auto Parts Company's transactions and the effects of each on the company's inventory account are presented here. May 4: Purchase of $27,800 of inventory on account May 6: Paid $910 in freight charges May 8: Returned $810 of goods May 14: Paid within discount period and received a $370 purchase discount What is the ending balance in the inventory account as a result of these transactions? Ending Balance $