Question 11 Not yet answered Points out of 2.00 Flag question Blum Inc. sold $1,100,000 worth of merchandise on terms 2/10,n/30, had $100,000 returned (prior to receipt of payment), and then their customers' paid their remaining balance within the 2% discount period. What were the company's net sales? Select one: a. 5980,000 b. $1,000,000 C.51,100,000 d. $978,000 Question 12 Not yet answered Points out of 2.00 p Flag question Assuming increasing inventory prices (newest inventory costs are higher than older inventory), which method will give the highest dollar value for Inventory on the Balance Sheet? Select one: a. Weighted Average Cost b. FIFO CLIFO d. All of these methods give equal values for cost of goods sold