MC Qu. 6-70 Monte Vista uses the perpetual inventory... Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $31.000 in inventory. During the quarter the company purchases $8050 of new inventory from a vendor returned $800 of inventory to the vendor, and took advantage of discounts from the vendor of $210. At the end of the quarter the balance in inventory is $27,000. What is the cost of goods sold? Multiple Choice O $1,000 O 50.050 0 140 O s2550