Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Mar. 8 Mar. 13 Mar. 14 Inventory purchased on account Freight in Purchase returns Allowances by vendor $700,000 40,000 60,000 12,000 Mar. 20 Payment made to vendor for purchases on March 5 O of Credit terms are: 4/20, nv/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there the month. Assume that the perpetual inventory system is assuming that there are no other inventory-related transactions during O A $628,000 O B. $688,000 OC. $642,880 O D. $841,280