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Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $77800, terms 2/9, n/30. Returned

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Tony's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $77800, terms 2/9, n/30. Returned $1700 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $74872. increased by $74578. increased by $76400. increased by $74878. Swifty Corporation just began business and made the following four inventory purchases in June: June 1 114 units $790 June 10 152 units 1190 June 15 152 units 1280 June 28 114 units 1000 $4260 A physical count of merchandise inventory on June 30 reveals that there are 160 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1000 $1387. $1109. $1177

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