Question 6 3 points A company purchased $10,600 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. On June 20, it returned $1,280 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals: a. $9,040.40. b. $10,980. C. $11,400. d. $9,320. Woods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. What was the Cost of Goods Sold using FIFO on March 9th? Date Sold Units 210 units 1 5 Activity Beg inv. Purchase Sales Purchase @ $53.20 per unit @ $58.20 per unit Mar. Mar. Mar. Mar. Mar. 280 units 370 units @ $88.20 per unit 9 18 140 units Purchase Purchase Sales @ $63.20 per unit @ $65.20 per unit 25 260 units Mar. 29 240 units @ $98.20 per unit Totals 890 units 610 units a. $20,848. O b. $20,484 C. $15,484. d. $16,484