WAXS D, merchandisers of musical instruments, has provided the following details. Credit terms are: 3/20, n/45, FOB shipping. Calculate the net cost of inventory purchased assuming that there are no other inventory related transactions during the month. Mar. 5 Mar. 8 Mar. 13 Purchase returns Mar. 14 Allowances by vendor Mar. 20 Payment made to vendor for purchases on March 5 Inventory purchased Freight In $800,000 40,000 60,000 15,000 E Minimized View $740,000 S743,250 $785,000 5725,000 O D O O