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. Areturn 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? Rosie owns a clothing boutique. One of her suppliers is Madame Chapeau a dressmaker. When Rosie purchases dresses from Madame Chapeau for her boutique, what account should she debit? Assume a perpetual inventory system