[The following information applies to the questions displayed below.] Autumn Company began the month of October with inventory of $35,000. The following inventory transactions occurred during the month: The company purchased inventory on account for $52,000 on October 12. Terms of the purchase were 110/ , n30/ . Autumn uses the net method to record purchases. The inventory was shipped f.o.b. shipping point and freight charges of $700 were paid in cash. On October 31, Autumn paid for the inventory purchased on October 12. During October inventory costing $21,000 was sold on account for $32,000. It was determined that inventory on hand at the end of October cost $66,180