Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Inventory purchased on account Mar. 8 Freight in Mar. 13 Purchase returns Mar. 14 Allowances by vendor $725,000 35,000 60,000 10,000 ? Mar. 20 Payment made to vendor for purchases on March 5 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. $655,000 B. $670,350 C. $715,000 D. $669,300