Po EverEE ALI A. 1 Normal 1 No Spac... Heading 1 Heading 2 v Title ent Paragraph Styles D) $38,500 16) Mary's Pie Company had a starting Inventory balance of $13,550 and the following transaction totals for the month. Use this information to answer the questions below. Sales Returns and Allowances Sales Discounts Purchases Sales Cost of Goods Sold Purchases Discount Freight $300 200 3,000 8,000 5,500 300 600 Based on the above, ending Inventory is 17) Credit terms of 3/10, Net 30 permit a purchaser to deduct 3% of the invoice total if pavment is made within 10 days. Answer: TRUE OR FALSE 18) A receiving report is used to notify the company of the quantity and condition of the goods received