1.33 points E6-7 Reporting Purchases and Purchase Discounts Using a Perpetual Inve During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows Jan. 6 Purchased goods for $1,300 from Green with terms 3/12, n/45. 6 Purchased goods from Munoz for $950 with terms 3/12, n/45. 14 Paid Green in full. Feb. 2 Paid Munoz in full. 28 Purchased goods for $400 from Reynolds with terms 3/12, n/45. equired: Assume that Axe uses a perpetual inventory system, the company had no inventory on hand at the beginning of January, and no sales were made during January and February, Calculate the cost of inventory as of February 28 t of Invento S2,611 References eBook & Resources