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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 $131000, terms 2/15, n/30. Returned
Stan's Market used the perpetual method to record the following events involving a recent purchase of inventory:
Received goods for $131000, terms 2/15, n/30.
Returned $3400 of the shipment for credit.
Paid $400 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events, the company's inventory
increased by $125048.
increased by $125448.
increased by $125440.
increased by $128000.
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