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Stan's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $128000, terms 2/12, n/30.
Stan's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $128000, terms 2/12, n/30. Returned $2700 of the shipment for credit. Paid $700 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $123480. increased by $123494. increased by $122794. increased by $126000.
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