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Downtown Market purchased inventory for $4,600 and also paid a $340 freight bill. Downtown Market...

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Accounting

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Downtown Market purchased inventory for $4,600 and also paid a $340 freight bill. Downtown Market returned 20% of the goods to the seller and later took a 1% purchase discount. Assume Downtown Market uses a perpetual inventory system. What is Downtown Market's final cost of the inventory that it kept? (Round your answer to the nearest whole number.) A. $911 B. $3,983 C. $3,912 D. $3,643 records sales at the net amount.) A. $139,000 B. $297,000 C. $300,000 D. $161,000

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