Millicent a merchandiser of fancy tea party hats, has the following activity for the month: $850 of inventory purchases from supplier, terms are 4/15,n/30, FOB Shipping Point and freight costs are $40. A return of $125 of merchandise is made to supplier. Payment to supplier is made within the discount period. . Given this information, what is the ending inventory balance for the Millicent? $696 $725 $736 $691 Question 30 If shipping terms are FOB Shipping Point, the transportation costs will be paid by the Seller buyer and seller Buyer O accounting instructor