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Wildhorse Corp uses a perpetial inventory instem, The company had the following inventory trancactions in Apri: April 3 Purchased merchandise from svifty Ltd for $32,000,

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Wildhorse Corp uses a perpetial inventory instem, The company had the following inventory trancactions in Apri: April 3 Purchased merchandise from svifty Ltd for $32,000, terms 2/20,n/30,F03 shippint point. 6. The aporopriate company pald freight costs of 5650 an the merchandise purchused an April 3 7 Purchased yuppies on acceont for $5,600 future resole 30 Paid the amount doe to Surity in fult. Additional information: 1. The cost of the merchandise sold on Apeil3 was $21,800 2. The cost of the merehandise returned on Aprit 8 was 51950 3. Swifty uses a perpetublinventory sivtem

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