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Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Credit terms are: 3/20,n/45, FOB shipping point. Calculate the net cost of inventory

image text in transcribed Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Credit terms are: 3/20,n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory - related transactions during the month. Assume that the perpetual inventory system is used. A. $703,250 B. $704,450 C. $685,000 D. $735,000

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