(Solved): 10) Precision Musical Instruments, merchandisers of musical instruments, has provided the following ...

10) Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming tha are no other inventory-related transactions during the month. Assume that the perpetual inventory system used. A) \( \$ 790,000 \) B) \( \$ 729,600 \) C) \( \$ 730,800 \) D) \( \$ 730,000 \)