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Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Inventory purchased on account $750,000 Mar. 8 Freight in 45,000 Mar.

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Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Inventory purchased on account $750,000 Mar. 8 Freight in 45,000 Mar. 13 Purchase retums 65,000 Mar. 14 Allowances by vendor 12.000 Mar. 20 Payment made to vendor for purchases on March 5 Credit terms are: 3/20, 1/45, FOB shipping point. Calculate the nbt cost of inventory purchased assuming that there are no other inventory-related transactions during the month. Assume that the perpetual Inventory system is used. O A $673,000 O B. 5696,460 OC. $738,000 OD 5697,810

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